MARKET DAILY

Market 03/12: Lowest Core CPI in 4 Years

Canada and Europe impose retaliatory tariffs

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Key highlights:

  • Core CPI inflation lowest in 4 years

  • Canada and Europe retaliate against US import tariffs

  • Canada cuts interest rate 25bps

  • Gasoline inventories drop sharply, oil production at peak

  • $39 billion 10-year bonds sold successfully

  • Market: Tech rebounding but no shorts-cover rally yet

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