Highlights
No cut from the BoC today would be a major error
Retailers roll back prices and auto inventories pile up — not inflationary
Construction employment is on the chopping block
Investors have no reason to worry about India’s election results
While We Were Sleeping
The key today is the Bank of Canada meeting at 9:45 a.m. ET. I can only really give my opinion here but if we don’t get a rate cut then either the brass at the central bank should check themselves into the psych ward or just resign. It’s crazy that there is even a debate at this point given how tight policy is, where inflation has gone and what the local economy is doing.
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