Notes from the Desk

Jun 7, 2024

Notes From the Desk: North American Jobs Data – A Ball of Confusion Divergence remains the theme for the Canadian and US economies. The labour market remains strong south of the border but...

Jun 5, 2024

Notes From the Desk: Bank of Canada Rate Announcement – Let’s Enjoy The Moment The Bank of Canada (BoC) became the first G7 central bank to cut rates this morning, lowering the overnight rate from...

May 21, 2024

Notes From The Desk: CAD Inflation – The Trend is Your Friend (May-21-2024) Canadian inflation declined for the fourth month in a row, with all measures now below 3%. By the numbers: Headline CPI...

May 15, 2024

Notes From the Desk: US Inflation – Holy Relief Trade Batman (May 15 2024) After three months of surprises to the upside, April’s US inflation data was in line (to a touch softer) with the...

May 3, 2024

Notes From the Desk: US Payrolls – Soothing Nerves After a few months of strong data, today’s payroll numbers will offer central banks a touch of relief. By the numbers: The US added 175k jobs...

May 2, 2024

Notes From the Desk – FOMC Meeting: Steady as She Goes Today’s FOMC meeting was as expected. The Federal Reserve (Fed) kept rates unchanged while announcing well-telegraphed changes to...

Apr 16, 2024

Notes From the Desk – Tracking Trends: CAD CPI on the Downward Path Governor Macklem and Co. are going to be pleased with the March CPI data. By the numbers: Headline CPI 2.9% (2.9% expected) CPI...

Apr 10, 2024

Notes From The Desk: Two For One Special – US Inflation & The BoC US Inflation. US CPI came in hotter than expected for the third month in a row. Headline inflation printed at 3.5% (vs. 3.4%...

Apr 5, 2024

Notes From the Desk- North American Employment Data – Central Bank Conundrum Today’s employment data does not make steering monetary policy any easier for the Federal Reserve (Fed) or Bank of...

Mar 20, 2024

Notes From The Desk – FOMC Meeting – Sticking To The Plan Today’s FOMC meeting was more about what did not change. Given the stronger-than-expected inflation data this year, the market feared that...

Mar 19, 2024

Notes From the Desk: Canadian Inflation – The Trend Is Your Friend February’s CPI data surprised to the downside, opening the door wider for the Bank of Canada (Boc) to cut rates later this year...

Mar 8, 2024

Notes From the Desk: North American Employment Data – The Moderation Continues North American employment data points to continued improvement in the supply-demand imbalance. By The Numbers. Canada...