Who doesn’t like lower inflation?? Yes of course it’s nice to see weaker inflation than everyone expected for a second consecutive month after all of the challenges that Canadians have faced over the years. I would, however, caution against overreacting for four main reasons. The BoC Will Require Much More Evidence: One is that the BoC will require more than just a lousy couple of months of soft inflation data before deciding to pull the trigger on a rate cut and especially on meaningful rate cuts in a plural sense. All of their communications have pointed toward wanting to see durable evidence and having the ... (full story)