Ljundgren writes that “[t]wo of the three measures of core inflation, which the Bank of Canada introduced last year, posted gains”, including CPI-common, which the BoC tended to push the hardest, which rose from 1.3% to 1.4%. However, surely this is hardly a strong point in favour of the BoC’s interest rate hike. In June 2015, the month before the BoC dropped the overnight rate interest rate from 0.75% to 0.5%, CPI-common was at 1.6%. The average of the three new measures was 1.5% in June 2015 as opposed to only 1.4% in June 2017. Journos like Lundgren seem to have completely forgotten the old CPIX measure of inflation since the 2016 renewal agreement plutoed it but it hasn’t gone away. In June 2015 it was sitting at 2.3%, above the target rate of inflation; in June 2017, it was at 0.9%, below the 1% lower bound. Poloz seems to have divorced his interest rate decisions almost completely from the inflation concerns that are supposed to dictate them.