Notes From The Desk

Notes From the Desk - North American Employment Data   The shine is coming off the bond market as employment remains more resilient than expected. By the Numbers. US 216k jobs created vs 176k...

Notes From the Desk - FOMC Meeting - Release the Hounds   As expected, the FOMC kept the policy rate unchanged at 5.25-5.5%.  The far more interesting items were buried in their press release...

Notes From the Desk - US Payrolls - A Dent In The Narrative   Over the last several weeks, we have seen bond yields plummeting lower on expectations that the Federal Reserve (Fed) would start...

Notes From the Desk - Bank of Canada Rate Announcement - A Tentative Step Closer   To no one’s surprise, the Bank of Canada held the policy rate steady at 5%, while continuing the process of...

Notes from the Desk - US CPI - Encouraging News The US October CPI report saw both headline and core inflation softer than expected. By the numbers. YoY CPI 3.2% (3.3% expected) YoY Core inflation...

Notes From The Desk: North American Employment - Help Wanted?   October saw a cooling in both temperatures and the North American labour market. By the numbers. Canada.   17.5k jobs added...

Notes From The Desk: Bank of Canada - The Unchanged & The Changed   The Bank of Canada (BoC) held rates steady this morning while continuing the process of quantitative tightening. While...

Notes From the Desk:  CAD CPI – A small sigh of relief   Canadian headline CPI for September surprised nearly everyone by coming in below expectations. By the numbers..   YoY CPI 3.8% (4%...

Notes From the Desk - US CPI - The Devil is in the Details   Surging energy prices pushed the headline September CPI a touch higher than expected.  While media outlets will flash the headline...

Notes From the Desk - North American Employment Data - No Shortage of Help Wanted   By the numbers. CAD 64,000 jobs were created (20,000 expected) The increase in jobs was primarily driven by a...

Notes From the Desk: FOMC Decision - Higher for Longer.   As expected the FOMC held rates steady, while leaving the door open for one more hike this year.   The noteworthy.   The...

Notes From the Desk:  CAD CPI - Stagflation Alert   Rising unemployment and slower economic growth seem to have had little downward impact on prices.   The rise in headline inflation was...