May 5, 2022 | Notes from the Desk
Notes From the Desk | The Fed’s Playbook Leaked Unlike the Supreme Court’s abortion ruling, which was leaked in secret, the Fed’s playbook was leaked by Chairman Powell himself. Today’s meeting was fairly uneventful in that they raised the Funds rate by 50...Apr 20, 2022 | Notes from the Desk
Notes From the Desk|CAD CPI – Surprised But Not Surprised CAD CPI for March blew past expectations coming in at a hot 1.4% increase for March (1% expected) bringing the YoY change to 6.7% (6.1% expected). While food, energy, and shelter costs continue to rise,...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...
