Nov 29, 2024 | Notes from the Desk
This morning, all eyes were on GDP to hint at what the Bank of Canada (BoC) will do at their December 11th meeting. The numbers. Q3 GDP: 1.0% (vs. 1.1% expected). September MoM GDP: 0.1% (vs. 0.3%). October Advanced Estimate: 0.1%. GDP YoY: 1.6%, as expected. ...Nov 19, 2024 | Notes from the Desk
Inflation rose slightly in October, with headline CPI at 2%. But this probably does very little to influence the Bank of Canada’s (BoC) decision in December. The numbers. YoY CPI: 2% (1.9% expected) YoY CPI Median: 2.5% (2.3% expected) YoY CPI Trim: 2.6% (2.4%...Nov 12, 2024 | Monthly Commentaries
“I used to think if there was reincarnation, I wanted to come back as the President or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.” James Carville The result was expected to be close, delayed, and...Nov 8, 2024 | Notes from the Desk
Domestic employment growth was humdrum in October. The numbers. 14.7k jobs created (27k expected) The mix was slightly favourable, with 25.6k full-time positions generated versus 11.2k part-time jobs lost. The unemployment rate held steady at 6.5% (6.6%...Nov 8, 2024 | Notes from the Desk
The Americans had one unanimous vote this week, with all members of the Federal Reserve Committee agreeing to deliver a 25 bps cut, reducing the target range for the Fed Funds Rate to 4.5-4.75%. As this was widely expected, the market focused on the...
