Today's Canadian inflation data, for the month of September, came in around expectations. looking at that annual headline CPI we see a second straight month with the figure was 1.1%. In fact over the last four months inflation has been quite soft and moving sideways. What this likely implies is a more adult fish bank of Canada in the coming months, especially because the Canadian economy was likely impacted negatively by the government shutdown in the US. The bank of Canada has a target inflation rate band between 1% and 3%, and the current annual rate is bouncing along the bottom of that preferred range. So let's see what type of messages the BOC Governor will send over the next few weeks. - Nick