Market Insights
Monthly Commentaries
Everything Everywhere All At Once | March 2025
‘Chaos, when left alone, tends to multiply.’
Stephen Hawking
Notes from the Desk
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)...
FOMC Rate Announcement
Nobody was surprised that the FOMC held rates steady this afternoon. Inflation remains elevated, while the labour market remains strong, leaving the FOMC to remain on the sidelines. The Press...