With growth in central Canada stuck well below potential, the overall track for. . . core inflation should remain subdued.

Housing ... is an undeniable core inflation hot spot.

Monetary tightening, a strong currency and tamer U.S. demand should spell slower economic growth ahead, calming inflation fears.

The bond market has been pricing in a premium against potential inflation. They've been looking at the numbers for some time and assuming that U.S. growth has consistently been strong enough to trigger inflation, and that is not a good thing for bonds.

The die has been cast [for March 7]. Beyond that, it's debatable how much the bank should be doing.

A near-consensus result for a report is rarely a market mover.