Feb 10, 2026 | Monthly Commentaries
‘We find certain things about seeing puzzling, because we do not find the whole business about seeing puzzling enough.’ Ludwig Wittgenstein The duck-rabbit illusion is one of the most famous bistable images, where some people see a duck and others a rabbit. It...Jan 28, 2026 | Notes from the Desk
The FOMC maintained its target range for the fed funds rate at 3.5%-3.75%. The vote had two dissenters, with Governors Waller and Miran, in favour of a 25 bps cut. Notables. Overall, the Fed painted a picture of a strengthening economy. They shifted their description...Jan 28, 2026 | Notes from the Desk
As expected, the BoC held the overnight rate at 2.25%. The accompanying statement and press conference were a whole lot of, ‘we’re not moving rates anytime soon’. Notables. Governor Macklem’s press conference was a masterclass in saying a lot while saying nothing....Jan 14, 2026 | Monthly Commentaries
‘An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves.’ Bill Vaughn With the passing of another year, so begin the annual new year traditions and rituals. For many, flipping the calendar marks a fresh...Dec 15, 2025 | Monthly Commentaries
‘We make a living by what we get, but we make a life by what we give.’ Wiston Churchill In the spirit of the holiday season, we interrupt your regularly scheduled programming to shed light on an important issue and the focus of our charitable giving. As a firm,...
