Peak prices? 'Not just yet' — What experts say about our hot inflation
Category:Cross-Border
Updated:2022-07-20
Author:Karl Schamotta
“The loonie is trading sharply lower as two- and 10-year yield spreads between Canadian and U.S. bonds narrow. Investors still expect the Bank of Canada to hike benchmark interest rates by another three-quarters of a percentage point in early September, but a further easing of inflation pressures is possible before then. Shipping rates, food costs, oil benchmarks, and gasoline prices have all fallen since early June, and the shelter index could drop further as tighter financial conditions remove air from the housing markets," says Karl Schamotta, chief market strategist at Corpay.
Cross-Border
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