The Bank of Canada goes into communications blackout on Tuesday, October 19th ahead of the policy communications on October 27th. Two key sets of information could further influence market expectations around the meeting, if not how the BoC itself views conditions. I continue to expect the BoC to shift toward the reinvestment phase of its balance sheet policies but to guide that the criteria for hiking the policy rate is still some ways off and likely later than aggressive market pricing. Canada updates CPI inflation figures for September on Wednesday. I’ve gone with an estimated increase in the year-over-year ... (full story)