Financial Post: Is the Bank of Canada at risk of letting inflation get the upper hand again?

“Despite other central banks, including the U.S. Federal Reserve, sidelining the threat of the oil shock, markets continue to price in rate hikes toward the end of the year, Karl Schamotta, chief market strategist at Corpay Research, said. “Even as most central bankers have given short shrift to soaring energy prices, policy expectations have climbed sharply across most advanced economies since the war’s outbreak nearly three weeks ago, forcing interest rates higher, tightening financial conditions and triggering significant moves in currency markets,” he said in a note on Thursday”

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