Market Insights
Monthly Commentaries
The Science of Not Knowing
‘If you want a guarantee, buy a toaster.’
Clint Eastwood
Notes from the Desk
CAD Employment – Tariffs Shmeriffs!
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...
US Nonfarm Payrolls – The Fed’s Out for Summer
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...
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...