BOC Rate Hike Unlikely

[errolanderson]

Canada's inflation rate for May (released this morning Jun 22) was just 1.3%, well below trade expectations and below the April read of 1.6%

Considering the jump in fuel prices, many Cdn products are now deflating in-value to produce such a meek inflation read.

Bottomline . . . despite being widely advertised, there will be no Bank of Canada rate hike in July in our view. ProMarket Wire, Calgary

[ajl]

This is a tough one for the B of C. He has to raise in order to signal that they believe in their own BS about a strong Canuckistanian economy or face reality that the economy is all but dead and keeps the life support going which I agree will be the path chosen. This means hyper inflation in Canuckistan as the loon will continue its trajectory to zero. Although Ford is making some positive moves in Ontario, it is too little, too late and the game is over for Canuckistan.

[SASKFARMER3]

They have to keep the fake economy theory going so yea it will rise.

Ford is to Late Ontario and Alberta and BC you all voted stupid the last time now deal with your shit show.

Ottawa not changing The equalization program is a joke much like the carbon tax.

Oh Trudeau also plus most of his gender equal ministers.

He spends like a drunken sailor and we’re all suppose to change to ththe new way.

Idiots running this country

[macdon02]

And the pension funds legislated to own govt bonds bleed a little longer with no rate increase ....