[Hot_Flatus]

Originally Posted by Firebot

Inflation jumped back up to 3.3% in July, higher than economists estimated.

https://www.cbc.ca/news/business/can...july-1.6936557

5 year Canadian bond have spiked back up above 4%.

South of the border retail sales rose more than expected.

https://finance.yahoo.com/news/july-...124255048.html

There seems to be a bit of a lull, with Goldman Sachs predicting the US to slash interest rates as early as next May, but this is betting on if inflation meets target.

https://finance.yahoo.com/news/fed-r...131518771.html

With gas prices climbing steadily in the past month, it's highly likely that inflation will be higher next announcement as well.

But hey grapes went down 40% MOM, go wild and splurge.

Everything I've heard to now is that further rate increases are unlikely to do anything positive at this point, and infact, history has shown that we are in line for substantial rate cuts within the next 6-8 months.

The Liberals need to step up and do something on a policy side of things to help....this is asking too much though as that would require getting off the fence for a few minutes. Even something as simple as a temporary carbon tax roll back at the pumps would go a long way in helping get over the final few hurdles if gas prices are truly the driving factor here.