Jun 7, 2023 | Notes from the Desk
Notes from the Desk: The Bank of Canada Rate Announcement- Surprised But Not Surprised Today’s announcement. The Bank of Canada (BoC) raised the overnight rate by 25 bps to 4.75% this morning. The move was not a total surprise, as bond traders had the...Jun 2, 2023 | Notes from the Desk
Notes from the Desk – US Jobs Data – Will the Fed Pause the Pause? Today’s US employment data offered a little bit for everyone. Payrolls crushed expectations, but unemployment ticked higher and wage growth decelerated. By the Numbers. 339k jobs...May 16, 2023 | Notes from the Desk
Notes from the Desk – CAD CPI – It’s Still Hot in Here The Canadian inflation data for April surprised to the upside this morning. YoY CPI 4.4% vs 4.1% expected. YoY core-CPI measures came in at 4.2% meeting forecasts. The increase in...May 5, 2023 | Notes from the Desk
Notes From the Desk: US & Canadian Employment – Not Cinco-ing (de Mayo) with Expectations Both the US and Canadian employment wage growth data were stronger than expected, as the inflation dragon is proving much harder to slay. The Canadian numbers....May 3, 2023 | Notes from the Desk
Notes from the Desk – The Powell Pause (kinda) As expected, the Federal Reserve (Fed) delivered a 25bps hike, establishing the range of the Fed funds rate at 5-5.25% The accompanying statement dropped language referring to ‘some additional policy firming...
