Apr 16, 2025 | Notes from the Desk
The Bank of Canada opted to hold rates steady to assess the fallout from the trade conflict with the US. Furthermore, the Bank offered little forward rate guidance, opting to maintain maximum flexibility in an uncertain environment. The Bank provided some insights...Apr 9, 2025 | Notes from the Desk
Despite bold claims from the US administration that Americans should ignore the decline in equities and spike in yields, it is evident that they faced a great deal of pressure to walk back the tariffs. This afternoon, President Trump announced a 90-day Reciprocal...Mar 19, 2025 | Notes from the Desk
As expected, the Federal Reserve (Fed) held rates steady. In light of the uncertainty created by the US administration, the Fed reiterated that they remain ‘data dependent’. The numbers. The dot plot was unchanged from December, with two cuts forecast in 2025 and 2026...Mar 12, 2025 | Notes from the Desk
Amid ‘pervasive uncertainty’, the Bank of Canada (BoC) cut the overnight rate 25 bps to 2.75%, taking us to the midpoint of their estimated range for the neutral rate (2.25% – 3.25%). The Decision. Recent economic data (i.e., Q4 GDP 2.6%) would have suggested a...Mar 7, 2025 | Notes from the Desk
Investors and traders are likely relieved that today’s employment data didn’t add to the market confusion. The Numbers. Canada 1.1k jobs created (20k expected) Unemployment rate 6.6% (6.7% expected) YoY hourly wage growth 4% (3.7% expected) US 151k jobs created (160k...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...
