The latest inflation evidence continues to push back against market pricing and some forecasters’ views that the Bank of Canada will be cutting by the March and April meetings. March has been mostly wiped out and April’s cut pricing was further reduced. Not going to happen folks. I’ve argued for a long time that one should be paying those contracts; doing so would have paid off handsomely by now. In fact, I think an awful lot has to go right from here in order to get the BoC to be cutting by the consensus call for around mid-year or even this year and to this point I just don’t see the required evidence. Key is that ... (full story)