Dec 7, 2022 | Notes from the Desk
Notes from the Desk – The BoC Announcement: Reading The Tea Leaves The fact the BoC hiked 50 bps taking the overnight rate to 4.25% falls into the ‘who cares’ category. The more important part of today’s announcement was the language that accompanied...Dec 2, 2022 | Notes from the Desk
Notes from the Desk – North American Employment: Uncomfortably Robust Neither higher rates, nor widespread predictions of an imminent recession are curbing hiring. Canadian Employment: 10.1k gain which was in line with the consensus, however, the mix was...Nov 16, 2022 | Notes from the Desk
Notes from the Desk – CAD CPI – No Game Changer The October CPI data had a tidbit for both the ‘bull’ and ‘bear’ camps. Despite a surge in energy prices, and food inflation still in double digits, headline inflation was 6.9% (matching consensus...Nov 10, 2022 | Notes from the Desk
Notes from the Desk – US CPI – A Welcome Relief Federal Reserve officials are feeling a bit more comfortable this morning as US October inflation data came in lower than expected. YoY headline inflation was 7.7% vs. 8% expected YoY core inflation...Nov 4, 2022 | Notes from the Desk
Note from the Desk – Higher Rates, Hire More! The North American labour markets continue to confound conventional monetary theorists. Higher rates and a looming recession don’t seem to be impacting hiring (yet). By the Numbers: Canada: 111k jobs created,...Nov 2, 2022 | Notes from the Desk
Notes from the Desk: FOMC Meeting – The Over/Under The Federal Reserve (Fed) raised policy rates by 75bps bringing the overnight rate into the 3.75% – 4% range. Chairman Powell reiterated that rates still need to go higher, however, given lags in...
