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The BoC was definitely late to the game.

But I think there is some really good buying opportunity here. Oil is down to about $102 today. Still high, but a lot further away from where it was around 120.

Here in Ontario, regular gasoline is back under $2/L.
I filled up yesterday for $1.949.

At some point, this inflation is going to start to slow down. I think by the time summer ends, it will be coming down.

Some people think I'm nuts, but I have been adding quite a bit to interest rate sensitive equities and fixed income investments in anticipation of things getting under control. I think the market is pricing in the worst and thinking that inflation is out of control, but I think it will start to slow in a few months.
 

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In the last 8-10 days, interest rates on the market are down 0.3%. Oil is down 15-20%, most commodities are down including food, fertilizer, metals, and energy. Although these things can reverse and go back up, the rate of inflation will come down in July from June quite a bit if prices hold steady. So maybe we are at peak inflation now. At least in North America.
Yeah, I alluded to this earlier.
My thoughts are with you.

Gas is under $2/L now in Ontario.

I think we are probably at or pretty close to peak inflation, just as you say.
 
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