Canada: Broad-Based Price Pressures Make a 75bp Increase Almost Inevitable
![Canada: Broad-Based Price Pressures Make a 75bp Increase Almost Inevitable](https://i0.wp.com/www.cksa.com/wp-content/uploads/2022/06/bank_of_canada00-e1654883331153-1.jpg?fit=225%2C150&ssl=1)
In Canada, inflation reached levels not seen since 1983 in May. We believe that the CPI data make a 75 basis point interest rate hike at the next meeting a near inevitability, with rates peaking at more than 2.75 percent. There was no relief in May for those of us… Continue reading