Market Insights
Monthly Commentaries
The Uncertainty of Uncertainty
‘There are known knowns…there are known unknowns…
But there are also unknown unknowns – the ones we don’t know we don’t know.’
Donald Rumsfield
Notes from the Desk
Wait For It…
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...
Slow or Slower
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...
Knock, Knock. Who’s there? Tariffs. Just Kidding.
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...
FOMC Meeting – Much Ado About Nothing
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...
The BoC Rate Cute – Certainly Uncertain
Amid ‘pervasive uncertainty’, the Bank of Canada (BoC) cut the overnight rate 25 bps to 2.75%, taking us to the midpoint of their estimated range for the neutral rate (2.25% - 3.25%). The Decision. ...
Canadian & US Employment Data – No Big Deal
Investors and traders are likely relieved that today’s employment data didn’t add to the market confusion. The Numbers. Canada 1.1k jobs created (20k expected) Unemployment rate 6.6% (6.7% expected)...