Macklem: Data since last decision increasingly pointing to progress

<ul><li>We are not taking further hikes off the table</li><li>We haven't yet been discussing rate cuts</li><li>Inflation is still too high, if we don't do enough we will probably have to raise rates even further</li></ul><p>Canadian retail sales, CPI and employment were all higher-than-expected in the latest round, though GDP was a big disappointment.</p>

This article was written by Adam Button at www.forexlive.com.