Sep 5, 2024 | Notes from the Desk
Today’s announcement provided little excitement, as the BoC did the expected and lowered the overnight rate by 25 bps to 4.25% The interesting bits: The Bank pointed out that broad inflationary pressures continue to ease, although shelter and some...Aug 13, 2024 | Monthly Commentaries
“Take a deep breath in, and let it go.” Every Meditation Teacher Ever For the past couple of years, we have warned investors to be prepared for wild bouts of volatility. With the economy at an inflection point and central bankers engaged in a delicate balancing act,...Jul 9, 2024 | Monthly Commentaries
“60 percent of the time, it works every time.” Brian Fantana in Anchorman Of the many cognitive biases, the ‘anchoring effect’ is often cited as one of the most important and common. It is our tendency to overemphasize a reference point or initial piece of...Jun 13, 2024 | Monthly Commentaries
“Let’s enjoy the moment.” Tiff Macklem Last week, the Bank of Canada (BoC) became the first of the G7 central banks to cut rates, lowering the overnight level from 5% to 4.75%. The decision was widely anticipated (i.e., 80%) and one we think was relatively easy for...Jun 12, 2024 | Notes from the Desk
Notes From The Desk: The Fed Announcement – Give & Take. As expected, the Federal Reserve (Fed) left rates unchanged, but they did adjust their projections on the timing of cuts, pushing them further into the future. The dot-plot thickens. ...
