Notes From The Desk

Notes From the Desk:  North American Employment Data – The Moderation Continues   North American employment data points to continued improvement in the supply-demand imbalance. By The Numbers....

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...

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...

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...

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...

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...