The rate hikes are back on the table: run your household like a treasury book

Manulife just tore up its own forecast. For months their call was that the Bank of Canada would sit on hold through 2027, and now their strategist expects hikes at the next two meetings. Core inflation has printed near 3% annualized two months in a row, a Bloomberg survey of economists now sees CPI averaging 3% over the next six months and not getting back to 2% until the third quarter of 2027, and the 2-year Canada yield jumped to 3.426%, its highest since July of last year. The Bank held at...