Ian Pollick and Royce Mendes discuss the surprising downgrade of Canada’s AAA rating by Fitch, recent statements by Minister Morneau and Governor Macklem which could have implications for fixed-income markets, and finally the outlook for next week’s Canadian GDP print.

Ian Pollick and Royce Mendes discuss the surprising CPI report for May, what they learned from Governor Macklem’s first Parliamentary testimony as Head of the Bank of Canada, and walk us through the recently released economic and interest rate forecasts.