CPI inflation in Canada came in at a 40 year high, but was below market expectations. Has inflation peaked from a rate of change perspective? Meanwhile, in the economic fantasy land that is the European Union, the ECB raised rates by 50bps, brining interest rates to zero. The end of negative rates in Europe is officially here. China bank runs and a property bubble threaten stability across the globe. See omnystudio.com/listener for privacy information.