Jul 14, 2023 | Monthly Commentaries
“It’s time for the never-tedious Super Bowl halftime show.” The Simpsons At the start of the year, there was a sense of optimism amongst bond investors. It appeared the worst of the rate hikes were behind us, and we were entering the final innings of this...Jul 12, 2023 | Notes from the Desk
Notes From the Desk: Two for One Special – Bank of Canada and US CPI Bank of Canada Rate Announcement. The Bank of Canada (BoC) raised the overnight by 25 bps, bringing it to 5%. The Bank pointed to evidence of persistence in excess demand and...Jul 7, 2023 | Notes from the Desk
Notes From the Desk: Today’s Employment Data – Sealing the Deal Canadian and US employment data for June was released this morning, confirming the resiliency of labour markets despite higher interest rates. By the numbers. Canada 59.9k jobs...Jun 15, 2023 | Notes from the Desk
Notes From The Desk: FOMC Meeting – A Hawkish Pause The FOMC chose to exercise patience today by holding rates steady but raised the terminal rate’s median projection to 5.6%, indicating the need for 50bps of hikes in the coming months. Connecting...Jun 13, 2023 | Notes from the Desk
Notes From the Desk – US Inflation – Is It Slow Enough? The last data point before tomorrow’s Federal Reserve (Fed) dropped this morning. The numbers. YoY headline CPI 4% (Consensus estimate 4.1%) YoY core CPI 5.3% (Consensus estimate 5.2%) ...
