Jan 29, 2025 | Notes from the Desk
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 Conference. There were questions about the impact of the wide array of...Jan 29, 2025 | Notes from the Desk
The Bank of Canada (BoC) lowered the policy rate by 25 bps to 3%, now firmly inside the 2.25%-3.25% neutral rate band. The Bank also dropped forward rate guidance, adopting a neutral posture for maximum flexibility in the coming months. The useless stuff: Given the...Jan 14, 2025 | Monthly Commentaries
“Every new beginning comes from some other beginning’s end.” Seneca With the start of the new year comes the annual tradition of making predictions and prognostications for the year ahead. One only needs to look back at the forecasts from previous years to realize...Dec 10, 2024 | Monthly Commentaries
“We make a living by what we get, but we make a life by what we give.” Winston Churchill In the spirit of the holiday season, we interrupt your regularly scheduled programming to highlight an important cause and the focus of our 2024 charitable giving. This year, we...Dec 6, 2024 | Notes from the Desk
Today’s employment data confirms that economic conditions between Canada and the US continue to diverge. The numbers. US 227k jobs created (220k expected). Unemployment rate: 4.2% (4.1% expected). YoY earnings growth: 4% (3.9% expected). Canada 5k jobs created...
