<ul><li>There was broad consensus at the IMF meetings that inflation is the most-immediate threat to current and future prosperity</li><li>We will be ‚watching closely‘ US economy, inflation and rates and factoring that in as we take decisions in Canada</li><li>Whatever Sept CPI shows, economy will still be in excess demand. Labour markets are tight and inflation is too high</li><li>There was a clear resolve to restore price stability at IMF</li></ul><p>The market is pricing in a 78% chance of 50 bps from the BOC on October 26 with the remainder at 75 bps.</p>

This article was written by Adam Button at forexlive.com.