Lower U.S. CPI good for Canada, next move from BoC is rate cuts: Royce Mendes

Royce Mendes, managing director and head of macro strategy at Desjardins, joins BNN Bloomberg for a look at the latest economic data and what it spells for both the to discuss the latest CPI print out of the U.S. Mendes notes lower inflation is good for Canadian households as Canadians shop a lot of items from the U.S. He also discusses how the BoC and Fed are taming inflation better than their peers. He expects both central banks to hold for now and adds the next move should be rate cuts. Subscribe to BNN Bloomberg to watch more videos: /BNNBloomberg Connect with BNN Bloomberg: For the latest news visit: https://www.bnnbloomberg.ca For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.

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