“Saying is a different thing from doing.” Michel de Montaigne First and foremost, our thoughts and sympathies are with the people of Ukraine and their families and friends across the world. We hope for a quick and peaceful resolution to this horrifying situation. Our parents taught us that actions speak louder than words. That ultimately, […]
“The job of the Central Bank is to worry.” Alice Rivlin We imagine that central bankers have endured many sleepless nights since the start of the pandemic. After all, even in the best of times, stewarding monetary policy to optimize growth, inflation, and employment is a difficult balancing act. Having to navigate the unchartered waters […]
Despite well telegraphed signals, the Bank of Canada (BoC) managed to surprise markets with their announcement today. The As Expecteds. No change to the overnight rate The BoC announced a taper in their bond buying from $4bn to $3bn a week. No specific details on how this will be done, but we expect the bulk […]
Brian D’Costa shares his thoughts on today’s Bank of Canada statement (Dec 8, 2021)
Another Brick In The Wall | March 2022
“I had a horrible nightmare. I dreamed that I went…back in time. It was terrible.” Marty McFly Over the past two years, investors have dealt with a constant string of ‘new normals.’ At every turn, there are new changes, new uncertainties, and new unknowns to contend with. While some of these developments are transitory (or […]