Expectations were for inflation to continue to drop to 4.1% but increased instead to 4.4%.
Still wish they would have kept going for an additional hike to be sure inflation was down rather than this wish washy drawn out process. Only to be forced to hike again just a few months later.
https://globalnews.ca/news/9708152/b...une-rate-hike/
The annual inflation rate in April rose slightly to 4.4 per cent, compared with 4.3 per cent in March, Statistics Canada reported Tuesday.
“If the BoC doesn’t adopt the crush it, killer mentality, then it may never succeed in getting inflation down to (two per cent),” he wrote.