Notes From The Desk

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...

Notes from the Desk - US  Inflation - The Last Mile is a Tough Slog.   US August CPI came in a touch warmer than expected largely due to higher gas prices. By the numbers.   YoY CPI 3.7%...