It was a double-header for jobs numbers Friday, and the bond market was on the edge of its seat, hoping for signs of a downshifting economy. What we got were two semi-promising reports but with more gaps than a teenager's text message. Of course, the compass for rate

Headline inflation was a welcome surprise this morning, landing at 2.8% versus the 3% consensus. Just 12 months ago, it was hitting horrifying 4-decade highs of 8.1% Today's average core reading was less impressive, however. It eased only 1/10th to 3.8%. Until core descends

Canada's inflation rate landed precisely where the consensus thought: 3.4%. That's down 1%-point from the 4.4% print last month. While Bay Street expected it, most laypeople didn't. That's key. Inflation is now in the 3's for the

Macklem and company won't love this number. Canadian inflation has surprised to the upside at 4.4% in April. The market expected 4.1%.