- There was broad consensus on the IMF conferences that inflation is the most-immediate risk to present and future prosperity
- We can be ‘watching intently’ US financial system, inflation and charges and factoring that in as we take selections in Canada
- No matter Sept CPI reveals, financial system will nonetheless be in extra demand. Labour markets are tight and inflation is simply too excessive
- There was a transparent resolve to revive worth stability at IMF
The market is pricing in a 78% likelihood of fifty bps from the BOC on October 26 with the rest at 75 bps.
