Canada’s April CPI came in above March and at its highest in roughly two years — but the increase was driven almost entirely by gasoline. Strip fuel out and the picture is quite different, and the two core measures the Bank of Canada watches most closely continued to ease.
This briefing covers why the headline number and the core measures moved in opposite directions, what changed in rents, food and BC specifically, what it implies for the Bank’s rate path, and how a borrower should be weighing fixed against variable right now.
Figures cited are as at the date of this video. The video is in Chinese.
Originally published on Guaranti’s YouTube channel.