Canada’s CPI rose to a 5.7% (y/y) pace in February from the 5.6% growth rate in January. This is the highest since August 1991. Yields have cheapened a bit further following the hotter than expected US trade price data and retail sales heading into the FOMC’s rate hike. The data will clearly leave the FOMC in play going forward, especially with the various pressures from the war.
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Andria Pichidi
Market Analyst
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