Jul 18, 2025 | Notes from the Desk
Today’s employment data was a reminder of how difficult it is to predict economic data. Despite the constant tariff noise, the Canadian economy is still producing jobs, with 83k added in June. The numbers. 83.1k jobs created (zero expected) 13.5k full-time and 69.5k...Jul 4, 2025 | Notes from the Desk
It appears that the Fed can take the summer off, with job creation in June exceeding expectations. The numbers. 147k jobs were created, beating expectations of 106k. The prior two months were revised up by 16k. The mix was a touch weak, with state and local government...May 7, 2025 | Notes from the Desk
It came as no surprise that the Fed held rates steady for a third consecutive meeting. The statement. The FOMC notes that ‘the risks of higher unemployment and higher inflation have risen’. The decision to hold rates was unanimous. The presser. Chairman Powell ducked...Apr 16, 2025 | Notes from the Desk
The Bank of Canada opted to hold rates steady to assess the fallout from the trade conflict with the US. Furthermore, the Bank offered little forward rate guidance, opting to maintain maximum flexibility in an uncertain environment. The Bank provided some insights...Apr 9, 2025 | Notes from the Desk
Despite bold claims from the US administration that Americans should ignore the decline in equities and spike in yields, it is evident that they faced a great deal of pressure to walk back the tariffs. This afternoon, President Trump announced a 90-day Reciprocal...Mar 19, 2025 | Notes from the Desk
As expected, the Federal Reserve (Fed) held rates steady. In light of the uncertainty created by the US administration, the Fed reiterated that they remain ‘data dependent’. The numbers. The dot plot was unchanged from December, with two cuts forecast in 2025 and 2026...
