Sep 20, 2023 | Notes from the Desk
Notes From the Desk: FOMC Decision – Higher for Longer. As expected the FOMC held rates steady, while leaving the door open for one more hike this year. The noteworthy. The significant changes are to be found in the infamous ‘dot-plot’ which...Sep 19, 2023 | Notes from the Desk
Notes From the Desk: CAD CPI – Stagflation Alert Rising unemployment and slower economic growth seem to have had little downward impact on prices. The rise in headline inflation was fueled by higher gasoline prices, rents, and mortgage costs. YoY...Sep 13, 2023 | Notes from the Desk
Notes from the Desk – US Inflation – The Last Mile is a Tough Slog. US August CPI came in a touch warmer than expected largely due to higher gas prices. By the numbers. YoY CPI 3.7% (3.6% expected) YoY core inflation 4.3% (4.3% expected)...Sep 8, 2023 | Notes from the Desk
Notes From the Desk – CAD Employment – A Fly in the Ointment Governor Macklem and his BoC entourage must be befuddled this morning. More Canadians than expected landed jobs in August with higher pay. By the numbers. Net employment change...Sep 6, 2023 | Notes from the Desk
Notes From the Desk – Bank of Canada – A Hawkish Hold The Bank of Canada (BoC) opted to hold the overnight rate steady at 5% while continuing the process of reducing its balance sheet (quantitative tightening). The Bank pointed to the softness in recent...
