Feb 2, 2024 | Notes from the Desk
Notes From the Desk – US Payrolls – Wow! Today’s US Non-farm Payroll report was unambiguously strong, reducing concerns that the US economy is on the precipice of a major slowdown. With the data smashing expectations, Treasury yields are 8-18...Jan 31, 2024 | Notes from the Desk
Notes from the Desk – FOMC Meeting – Dialing It Back As expected the Federal Reserve (Fed) held rates steady and opted to continue quantitative tightening as scheduled. The good news. The Fed dropped references to further rate hikes, and...Jan 24, 2024 | Notes from the Desk
Notes From the Desk: BoC Day – Dropping Some Hints. As expected, the Bank of Canada (BoC) held its target overnight rate at 5% and continued the process of quantitative tightening. But as is often the case with these meetings, the devil is in the details, and...Jan 23, 2024 | Notes from the Desk
Notes From the Desk – Canadian Inflation – A Fly In The Ointment While the headline inflation number for December met expectations, the acceleration in the core measures should raise concerns at the Bank of Canada (BoC). By the Numbers. YoY headline...Jan 9, 2024 | Monthly Commentaries
“Great success breeds a lot of things, including sequels.” Dwayne ‘The Rock’ Johnson This time last year, 2023 was being touted as the ‘Year of the Bond’. Elevated yields offered investors attractive income and the prognosticators were forecasting rate cuts to start...
