RE:RE:RE:Canada’s in a stagflationary mess There is something very important you are missing. Last year we had record energy prices in the first half of the year. It's going to look promising because you are comparing this month to when inflation was very elevated last year. By the second half of this year, they will not get the "energy" component working in their favour unless of course a recession hits. When looking at inflation, it is best to eliminate the more volatile components that make up the Cpi/PPI index.
I don't believe Canada is going to hit 2% without a recession which is likely to arrive by Q3. If you think otherwise, then we can agree to disagree. Historically speaking, when the Fed drops rates, then a recession is just around the corner. Don't get too excited.