Bank of Canada to cut rates first?

Statistics Canada released the consumer price index (CPI) for the March quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in February. Excluding gasoline prices, CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February. The below chart from Justin Fabo at Antipodean Macro compares Canada’s core

Bank of Canada to cut rates first?
Statistics Canada released the consumer price index (CPI) for the March quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in February. Excluding gasoline prices, CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February. The below chart from Justin Fabo at Antipodean Macro compares Canada’s core