Notes From The Desk

Notes From the Desk: Two for One Special -  Bank of Canada and US CPI   Bank of Canada Rate Announcement. The Bank of Canada (BoC) raised the overnight by 25 bps, bringing it to 5%.   The...

Notes From the Desk:  Today’s Employment Data - Sealing the Deal   Canadian and US employment data for June was released this morning, confirming the resiliency of labour markets despite higher...

Notes From The Desk: FOMC Meeting - A Hawkish Pause   The FOMC chose to exercise patience today by holding rates steady but raised the terminal rate's median projection to 5.6%, indicating the...

Notes From the Desk - US Inflation - Is It Slow Enough?   The last data point before tomorrow’s Federal Reserve (Fed) dropped this morning. The numbers. YoY headline CPI 4% (Consensus estimate...

Notes from the Desk - CAD Employment Data - Is Bad News Good News? Today’s headlines will focus on the loss of 17k jobs, but the ‘devil is in the details.’ The headline numbers.   Employment...

Notes from the Desk:  The Bank of Canada Rate Announcement- Surprised But Not Surprised   Today's announcement. The Bank of Canada (BoC) raised the overnight rate by 25 bps to 4.75% this...

Notes from the Desk - US Jobs Data – Will the Fed Pause the Pause? Today’s US employment data offered a little bit for everyone.  Payrolls crushed expectations, but unemployment ticked higher and...

Notes from the Desk - CAD CPI – It’s Still Hot in Here   The Canadian inflation data for April surprised to the upside this morning.   YoY CPI 4.4% vs 4.1% expected. YoY core-CPI measures...

Notes From the Desk: US & Canadian Employment – Not Cinco-ing (de Mayo) with Expectations   Both the US and Canadian employment wage growth data were stronger than expected, as the...

Notes from the Desk - The Powell Pause (kinda)   As expected, the Federal Reserve (Fed) delivered a 25bps hike, establishing the range of the Fed funds rate at 5-5.25% The accompanying...

Notes From The Desk: CAD CPI - It's All About The Base   Inflation continued to decelerate in March, meeting consensus expectations.   Annual CPI fell from 5.2% to 4.3% as lower energy...

Notes From the Desk - Bank of Canada Decision - Patience Young Grasshopper   As expected, the Bank of Canada (BoC) held rates steady at 4.5%.  They also updated their economic forecasts:  ...