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...

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...

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...

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...

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...

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...

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%...

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...

Notes From the Desk: North American Jobs Data - A Ball of Confusion Divergence remains the theme for the Canadian and US economies.  The labour market remains strong south of the border but...

Notes From the Desk: Bank of Canada Rate Announcement - Let's Enjoy The Moment   The Bank of Canada (BoC) became the first G7 central bank to cut rates this morning, lowering the overnight rate...

Notes From The Desk: CAD Inflation - The Trend is Your Friend (May-21-2024)   Canadian inflation declined for the fourth month in a row, with all measures now below 3%.   By the numbers:...

Notes From the Desk:  US Inflation - Holy Relief Trade Batman (May 15 2024)   After three months of surprises to the upside, April's US inflation data was in line (to a touch softer) with the...