For the crew at the BoC, Canadian inflation is always paramount. U.S. CPI plays second fiddle, but with its 0.82 correlation to Canadian CPI since 1991, America's bearing on Canadian price levels is undeniable. That's why today's acceleration in U.S. core

Once again, Canada's wheel of employment treated Bay Street estimates like satire. And this time, the Labour Force Survey surprise was on the downside. Here was the damage: * Estimated job change: -40,800 (est. +13,500 | prior 83,100) * Unemployment rate: 6.9% (est. 7.0% | prior 6.

The Bank of Canada didn't budge on rates today, but it made its intentions more transparent. At this point, it's leaning towards keeping rates steady or gently lowering them later. Team Macklem has no plans to reach for the rate-hike lever. The Bank's key