BOCs Macklem: Inflation in Canada has come down a little, but it remains far too high

Bank of Canada's Macklem in an op-ed says:

• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term in Canada has come down a little bit, but remains far too high
• Inflation may have peaked
• Inflation will likely remain at 2 high for some time
• The best way to protect people from higher inflation is to eliminate it, we are determined to do that
• Our job won't be done until inflation get back to the 2% target

Comments are Fed-ish from the Bank of Canada head (and rightfully so). Having said that, the employment statistics from Canada has shown to consecutive monthly declines which runs in contrast to the US employment report which saw above trend job growth including 528K in the last report.

The USDCAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh Read this Term has corrected lower today after the sharp run higher yesterday. The low price today stalled at 1.28537. The 200 hour moving average comes in at 1.28470. It would take a move back below the 200 hour moving average (and stay below), to increase the bearish bias. On the topside, there is resistance between 1.2883 and 1.2900. Above that is the 38.2% retracement of the move down from the July high at 1.29166.