Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates. Recent rise in inflationary expectations coupled with recen
The Canadian market is down sharply on Tuesday with the mood turning extremely bearish after data showing a bigger than expected increase in U.S. consumer price inflation dashed hopes of an interest rate cut by the Federal Reserve in March.
Federal Reserve officials are eager to prove they have brought inflation under control before they lower interest rates. The possibility of a revision this week has made policymakers and investors nervous.