September 25, 2017
Market watchers are currently engaged in a spirited debate about whether the Bank of Canada (BoC) will continue to raise its policy rate in the near future. In last week’s post I explained why the Loonie’s recent movements against a basket of other currencies make more near-term BoC rate rises unlikely, and in today’s post we’ll take a detailed look at the latest inflation data, which I believe further bolsters that view.