Notes From The Desk

Notes From the Desk - North American Employment Data - No Shortage of Help Wanted   By the numbers. CAD 64,000 jobs were created (20,000 expected) The increase in jobs was primarily driven by a...

Notes From the Desk: FOMC Decision - Higher for Longer.   As expected the FOMC held rates steady, while leaving the door open for one more hike this year.   The noteworthy.   The...

Notes From the Desk:  CAD CPI - Stagflation Alert   Rising unemployment and slower economic growth seem to have had little downward impact on prices.   The rise in headline inflation was...

Notes from the Desk - US  Inflation - The Last Mile is a Tough Slog.   US August CPI came in a touch warmer than expected largely due to higher gas prices. By the numbers.   YoY CPI 3.7%...

Notes From the Desk - CAD Employment - A Fly in the Ointment   Governor Macklem and his BoC entourage must be befuddled this morning. More Canadians than expected landed jobs in August with...

Notes From the Desk - Bank of Canada – A Hawkish Hold   The Bank of Canada (BoC) opted to hold the overnight rate steady at 5% while continuing the process of reducing its balance sheet...

Notes From the Desk – Time To Chill   Officials at the Bank of Canada (BoC) and Federal Reserve (Fed) will head into the long weekend with less concern that inflation is running away from them...

Notes From The Desk – Jackson Hole   Fed Chair Jerome Powell mostly stayed on message but opined on recent data points. Notable Notes   Fed remains concerned about inflation...

Notes From the Desk - CAD CPI - An Unwelcome Surprise   The record-breaking heat in July (highest average global temperature ever recorded) spilled over into Canadian inflation, with CPI coming...

Notes from the Desk:  Today's Employment  Data - Searching for a One-Handed Economist   Anyone hoping today's job numbers would offer clarity on rate hikes would require Harry Truman's...

Notes from the Desk: US Treasuries - The Trifecta of Pain   The last few days have not been kind to holders of US treasuries, with yields rising and the curve steepening. One. The first...

Notes From the Desk: FOMC Meeting - A Tweak Away   As widely expected, the Federal Reserve (Fed) hiked 25bps, bringing the fed funds into a range of 5.25-5.5%.  The press release was almost a...