Bank of Canada needs “assurance” that inflation is trending back towards its 2% target.

lol... Inflation is up 0.14% in the past 5 months. The tail end of the CPI numbers are whats making inflation look high.

last 6 months is 0.69%. You see that .5% jump by just adding one month... once those .5% jumps work their way through the system, deflationary pressures.. then the Printer will go Brrr. QE infinity.