Canada's Inflation Eases, BoC Exhales

Canada's rate market needed a win like this, and it got it. #Average core inflation# has delivered again. For the first time since the seemingly ancient days of mid-2021, it starts with a "2."

Today's welcomed report read as follows:

  • Headline inflation: 2.9% y/y (est. 2.9%, prior 2.8%)
  • Average core inflation: 2.95% (est. 3.1%, prior 3.15%)

This is what the Bank of Canada wanted last week when it said, "Governing Council is particularly watching the evolution of core inflation..." And believe us, the BoC hasn't just been watching core—they've been holding their collective breath, and now, they can partially exhale.

You don't have access to this post on at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now


Sign in or become a member to read and leave comments.
Just enter your email below to get a log in link.

You've successfully subscribed to
Great! Next, complete checkout for full access to
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.