Sep 5, 2024 | Notes from the Desk
Today’s announcement provided little excitement, as the BoC did the expected and lowered the overnight rate by 25 bps to 4.25% The interesting bits: The Bank pointed out that broad inflationary pressures continue to ease, although shelter and some...Aug 20, 2024 | Notes from the Desk
Notes From the Desk: CAD July CPI – And The Trend Goes On. Canadian inflation continues to move towards the Bank of Canada’s 2% target. By The Numbers: YoY CPI 2.5% (2.5% expected), the lowest level in 3 years. YoY CPI Core Median – 2.4% (2.5%...Aug 9, 2024 | Notes from the Desk
Notes From the Desk – Canadian July Employment Data – Meh! Today’s employment data will do little to calm fears over the state of the labour market. The Numbers: Instead of creating an expected 20k jobs, the economy lost 2.8k positions. The mix...Aug 1, 2024 | Notes from the Desk
Notes From the Desk – FOMC Meeting – Laying The Groundwork As expected, the FOMC held both rates and the pace of balance sheet reduction steady but left little doubt that September is a ‘live’ meeting where the first rate cut could be delivered....Jul 24, 2024 | Notes from the Desk
Notes From the Desk: The Bank of Canada Rate Announcement The Bank of Canada (BoC) cut rates by 25 bps this morning to 4.5%. While this was expected, the BoC surprised the markets with a more dovish outlook. The Banks Confidence. The Bank is becoming more confident...Jul 16, 2024 | Notes from the Desk
Notes From The Desk: Canadian CPI – The Cut Is On A sigh of relief could be heard this morning coming from the Bank of Canada. Today’s CPI numbers provided evidence that last month’s data was a blip on the radar and that the trend in inflation remains...
