Jun 9, 2023 | Notes from the Desk
Notes from the Desk – CAD Employment Data – Is Bad News Good News? Today’s headlines will focus on the loss of 17k jobs, but the ‘devil is in the details.’ The headline numbers. Employment fell 17.3k vs. expectation of rising 21k. Unemployment rate...Mar 8, 2023 | Notes from the Desk
Notes from the Desk: Bank of Canada Meeting – Steady As She Goes As expected, the Bank of Canada (BoC) remained on pause and kept the overnight rate at 4.50%. Noteworthy: The BoC sees signs that higher rates are slowing growth. While CPI is still too high,...Feb 3, 2023 | Notes from the Desk
Notes from the Desk – US Payrolls – Holy Crap! By the numbers. Today’s US payrolls blew the doors off. The economy produced 517k jobs last month, more than double the 185k forecast. The unemployment rate fell to 3.4% vs. forecasts of a small rise to 3.6%....Jan 30, 2023 | Notes from the Desk
Notes from the Desk – Bank of Canada: This is the End. To quote the Doors, ‘this is the end, beautiful friend…the end.’ At least for now. After delivering a 25 bps hike and bringing the overnight rate to 4.5%, the Bank of Canada (BoC) expects to hold here as it...Jan 12, 2023 | Notes from the Desk
Notes from the Desk: US Inflation – A Sigh of Relief US CPI was bang on the consensus forecast: YoY Headline Inflation: 6.5% (previous 7.1%) YoY Core Inflation: 5.7% (previous 6%) Goods prices continue to fall while upward pressure is prevalent in the service...
