The Bank of Canada needs to take out insurance tomorrow, and it's a safe bet it will. The BoC is trying to contain at least four risks: * Core CPI lingering in the 3% range * Inflation expectations getting stuck in the 3% to 4% range * Counter-productive housing momentum * An

ℹ️ The Latest from RateLand was published today due to the holiday. The pace of fixed rate increases has slowed these past seven days, but the damage has been done. Canada's #4-year swap# rate—a leading fixed rate indicator—is up 100 basis points in just two months.