• Notes From The Desk | FOMC Announcement

Notes From The Desk | FOMC Announcement Dec 15 2021

Canadian Inflation Update

Today’s CAD CPI data was a non-event in terms of monetary policy.

· The headline number of 4.7% was bang on expectations.
· In our opinion, the Bank of Canada remains on track to start hiking in April.
· Bond yields are essentially unchanged, suggesting the market is comfortable pricing in 4 rate hikes for next year.

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