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.  ...

 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...

Notes From the Desk - Canadian Inflation - A Fly In The Ointment   While the headline inflation number for December met expectations, the acceleration in the core measures should raise concerns...

Notes From the Desk - North American Employment Data   The shine is coming off the bond market as employment remains more resilient than expected. By the Numbers. US 216k jobs created vs 176k...

Notes From the Desk - FOMC Meeting - Release the Hounds   As expected, the FOMC kept the policy rate unchanged at 5.25-5.5%.  The far more interesting items were buried in their press release...

Notes From the Desk - US Payrolls - A Dent In The Narrative   Over the last several weeks, we have seen bond yields plummeting lower on expectations that the Federal Reserve (Fed) would start...

Notes From the Desk - Bank of Canada Rate Announcement - A Tentative Step Closer   To no one’s surprise, the Bank of Canada held the policy rate steady at 5%, while continuing the process of...

Notes from the Desk - US CPI - Encouraging News The US October CPI report saw both headline and core inflation softer than expected. By the numbers. YoY CPI 3.2% (3.3% expected) YoY Core inflation...

Notes From The Desk: North American Employment - Help Wanted?   October saw a cooling in both temperatures and the North American labour market. By the numbers. Canada.   17.5k jobs added...

Notes From The Desk: Bank of Canada - The Unchanged & The Changed   The Bank of Canada (BoC) held rates steady this morning while continuing the process of quantitative tightening. While...

Notes From the Desk:  CAD CPI – A small sigh of relief   Canadian headline CPI for September surprised nearly everyone by coming in below expectations. By the numbers..   YoY CPI 3.8% (4%...

Notes From the Desk - US CPI - The Devil is in the Details   Surging energy prices pushed the headline September CPI a touch higher than expected.  While media outlets will flash the headline...