The Daily Chase: Inflation expectations at risk; TSX plays catch up

We’ll get a better sense today for whether inflation expectations have become unmoored in this country.

Hard to imagine a better early-morning lineup to help set the scene for this and the broader macro environment, as David Rosenberg and Macquarie Head of Economics David Doyle join us in the 9 a.m. hour. Conference Board of Canada Chief Economist Pedro Antunes will join Jacqueline shortly after 10:30 a.m. to discuss the latest surveys’ finding.  

MARKET WATCH

…and there won’t be as much to watch as usual, with U.S. markets closed for Independence Day. The major U.S. indices opened the second half of the year with some modest gains on Friday when we were off for Canada Day. No doubt the aforementioned Davids will share their views on what to expect for the balance of the year with the books closed on a first half that saw barely one-quarter of the S&P/TSX Composite Index’s members notch gains.