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The Global Week Ahead: Joined at the Hip
When it comes to inflation, Canada is different than the US. Or so goes a popular narrative. Reality bites. We’ll find out how badly it bites this week when Canada follows the US with its own inflation update. It turns out the two countries share a lot in common and this could mean that Canada experiences a surge of inflation pressure much like what the US saw this past week when CPI jumped to 3.8% y/y and core CPI increased to 2.8% y/y. More lies ahead. Enter charts 1–2. What happens to inflation in one country doesn’t just stay in that country; it reflects some common drivers across integrated economies and ... (full story)
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