Sep 8, 2023 | Notes from the Desk
Notes From the Desk – CAD Employment – A Fly in the Ointment Governor Macklem and his BoC entourage must be befuddled this morning. More Canadians than expected landed jobs in August with higher pay. By the numbers. Net employment change...Sep 6, 2023 | Notes from the Desk
Notes From the Desk – Bank of Canada – A Hawkish Hold The Bank of Canada (BoC) opted to hold the overnight rate steady at 5% while continuing the process of reducing its balance sheet (quantitative tightening). The Bank pointed to the softness in recent...Sep 1, 2023 | Notes from the Desk
Notes From the Desk – Time To Chill Officials at the Bank of Canada (BoC) and Federal Reserve (Fed) will head into the long weekend with less concern that inflation is running away from them as today’s data points to a slowing North American economy. By...Aug 25, 2023 | Notes from the Desk
Notes From The Desk – Jackson Hole Fed Chair Jerome Powell mostly stayed on message but opined on recent data points. Notable Notes Fed remains concerned about inflation reaccelerating, noting uncertainty around the durability of the recent low inflation...Aug 15, 2023 | Notes from the Desk
Notes From the Desk – CAD CPI – An Unwelcome Surprise The record-breaking heat in July (highest average global temperature ever recorded) spilled over into Canadian inflation, with CPI coming in hotter than expected. By the numbers. YoY...Aug 4, 2023 | Notes from the Desk
Notes from the Desk: Today’s Employment Data – Searching for a One-Handed Economist Anyone hoping today’s job numbers would offer clarity on rate hikes would require Harry Truman’s imaginary one-handed economist. On the one hand, job...
