Canada: Headline inflation could well accelerate again in May – CIBC By MSalordFX Canada Inflation Banks
Key Quotes:
“Some like it hot, but not the Bank of Canada when it comes to inflation. The fact that inflation is pushing further above the Bank's MPR forecasts virtually guarantees another 50bp hike at its next meeting, and it could well follow that up with another outsized move to get the overnight rate to the bottom end of its neutral range quickly.
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