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Canadian inflation comes in below expectations, Bob Elliott notes

Canadian inflation comes in below expectations, Bob Elliott notes
Canada inflation surprise disrupts disinflation

Bob Elliott, co-founder / CIO at Unlimited, observes that Canadian inflation data released this morning was broadly below expectations.

He adds that the recent return to war has interrupted the potential for a smooth disinflation process.

Elliott has highlighted reduced central bank gold buying as a likely factor behind recent softness and lower market tightness. He also recently observed that the Japanese yen could be set for a reversal as short positions remain crowded and conditions shift in its favor, according to a recent assessment. These observations add to his ongoing analysis of global economic developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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