Mar 6, 2024 | Notes from the Desk
Notes from the Desk – Bank of Canada Meeting – Much Ado About Nothing The Bank of Canada (BoC) held rates steady at 5% this morning. Although Governor Macklem reiterated that he believes rates are high enough, and that the real question is how long the...Feb 20, 2024 | Notes from the Desk
Notes From the Desk: CAD CPI – A Pleasant Surprise After months of speculation and anticipation regarding the impact of higher rates on inflation, the Bank of Canada (BoC) received positive news with today’s CPI report. By the Numbers. ...Feb 13, 2024 | Notes from the Desk
Notes From The Desk: US Inflation Heads Into Overtime US inflation slowed less ‘swiftly’ than expected in January, challenging the market’s expectations for rate cuts to be ‘ushered’ in this spring. The headline numbers. Headline CPI was 3.1% vs....Feb 2, 2024 | Notes from the Desk
Notes From the Desk – US Payrolls – Wow! Today’s US Non-farm Payroll report was unambiguously strong, reducing concerns that the US economy is on the precipice of a major slowdown. With the data smashing expectations, Treasury yields are 8-18...Jan 31, 2024 | Notes from the Desk
Notes from the Desk – FOMC Meeting – Dialing It Back As expected the Federal Reserve (Fed) held rates steady and opted to continue quantitative tightening as scheduled. The good news. The Fed dropped references to further rate hikes, and...Jan 24, 2024 | Notes from the Desk
Notes From the Desk: BoC Day – Dropping Some Hints. As expected, the Bank of Canada (BoC) held its target overnight rate at 5% and continued the process of quantitative tightening. But as is often the case with these meetings, the devil is in the details, and...
