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Underlying Inflation Worsens: The BoC’s Deer-in-Headlights Moment

Fresh inflation prints just landed on both sides of the border, and judging by the data, tariff-flation is a thing. It's not a five-alarm fire—yet—but it’s enough to keep central bankers frozen like they’re watching a teleprompter glitch.

As mortgage pros, we have to prepare clients for the possibility that this freeze may not thaw for months. More on that below.

Let's start with the June numbers:

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