Apr 12, 2022 | Notes from the Desk
Has Inflation Peaked? Lead by surging gasoline prices US CPI did not disappoint coming in at 8.5% YoY. Core CPI came in at 0.3% vs expectations of 0.5%, offering a glimmer of hope that March’s print could be the peak of inflation. Today’s data keeps the...Apr 8, 2022 | Notes from the Desk
The March Canadian employment data was in line with the market expectations. 72.5K jobs created (93k full time jobs created, while the economy lost 20k of part time workers Unemployment rate drops to 5.3%, the lowest since 1976 Wage growth accelerated from 3.3% to...Apr 1, 2022 | Notes from the Desk
US Payrolls – Keeping the Flames Alive Hiring in the US continued at a solid pace: 431k jobs added versus expectations for 490k Previous two payrolls revised higher by 95k job Unemployment rate 3.6% (3.7% expected) Annual wage growth 5.6% (5.5% expected)...Mar 11, 2022 | Notes from the Desk
COVID – Been There, Done That The Canadian economy continues to storm back from the pandemic. Today’s Labour Force numbers were jaw-dropping: 336.6K jobs created vs expectations of 127.5k Unemployment rate falls to 5.5% vs 6.2% expected (just above pre-pandemic...Mar 10, 2022 | Notes from the Desk
The Expected – US CPI. Today’s US CPI came in as expected with headline inflation of 7.9% and core inflation of 6.4%. With the recent jump in commodity prices threatening to prolong the period of higher inflation, we expect the Federal Reserve to raise rates...
