News Summary

• Canada's economy has 2 key issues; the Bank of Canada can't fight both.
• Rising inflation makes the bank want to raise rates to slow the economy and keep prices from increasing too quickly.
• On the other hand, the economy is weak.
• And we haven't even started to get a measure of the impact of the latest tranche of tariffs.
• Most economists now believe the bank will increase rates, even though they don't all feel the bank should make such a move.
• If we could wave a magic wand, we would probably like the economic data this week to come in opposite order.