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...Jul 15, 2024 | Notes from the Desk
Notes From the Desk – US June CPI – Break Out the Punch Bowl Let’s get the party started! Today’s weaker-than-expected June CPI data should give the Federal Reserve (Fed) the confidence to begin cutting rates later this year. By the...Jul 5, 2024 | Notes from the Desk
Notes From the Desk: Today’s Employment Data – Bolstering the Case for Lower Rates June’s employment data has bolstered the case for lower rates. By the numbers: US June employment 206k (190k expected). The slightly higher number is...Jun 25, 2024 | Notes from the Desk
Notes From the Desk – CAD May CPI – A Thorn in the Side Canadian May CPI was well above expectations, halting the trend of falling prices. By the numbers: YoY headline CPI – 2.9% (2.6% expected) YoY CPI Median – 2.8% (2.6%...Jun 12, 2024 | Notes from the Desk
Notes From The Desk: The Fed Announcement – Give & Take. As expected, the Federal Reserve (Fed) left rates unchanged, but they did adjust their projections on the timing of cuts, pushing them further into the future. The dot-plot thickens. ...
