The Financial Post reports in its Wednesday, Sept. 18, edition that the inflation rate finally reached the Bank of Canada's target in August, easing to 2 per cent, its slowest increase since February, 2021. The Post's Denise Paglinawan writes that Toronto-Dominion Bank senior economist James Orlando argues that headline inflation is back on target and core measures keep grinding lower. Mr. Orlando said these would be even lower if it were not for the outsized effect of high housing costs, which have weighed on the Canadian economy and slowed the pace of growth. "Inflation continues to validate the need for the Bank of Canada to continue cutting its policy rate," he said. He added that the current policy rate, even after 75 basis points in cuts over the past few months, is still nearly 200 bps above where it should be given the current state of the economy. With that, odds of larger 50-basis-point cuts are growing in futures markets. Mr. Orlando said a number of Bank of Canada members speaking about the economy over the next few weeks will provide the bank plenty of opportunity to move market pricing toward its intended path.