Bank of Canada
Consumer Prices and Central Banks In the Spotlight Today

US index futures had been trying to mount a comeback this morning, but the bottom has fallen out and gains have quickly turned into losses following the release of a red-hot US consumer price inflation report. US inflation continued to

High Inflation Sends Stocks Into Free Fall

Investors had already been on tenterhooks about stagflation and yesterday after the European Central Bank announced a new interest rate hike program, raised inflation guidance and cut GDP guidance, and this morning, hot inflation numbers out of the US and

US Dollar Climbs, Markets Backslide As Inflation Pressures Increase

US index futures are down 0.1% to 0.4% this morning, adding to yesterday’s 0.3%-0.6% losses for the three main US indices. So far this appears to be a normal trading correction after US indices reached new all-time highs earlier in

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