Notes From The Desk

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...

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...