Bank of Canada’s Commitment To Mandate Questionable If It Cuts Here: BMO
Canadian inflation is officially “too high,” putting the Bank of Canada’s (BoC) credibility into jeopardy for the second time in five years. April inflation data breached the central bank’s upper tolerance band—just weeks after it dismissed accelerating price growth and cut rates, effectively adding inflationary stimulus. BMO had a blunt warning to investors this week: […]