Notes From The Desk

Notes from the Desk: Bank of Canada Meeting - Steady As She Goes As expected, the Bank of Canada (BoC) remained on pause and kept the overnight rate at 4.50%. Noteworthy: The BoC sees signs that...

Notes from the Desk - US Payrolls - Holy Crap! By the numbers. Today’s US payrolls blew the doors off. The economy produced 517k jobs last month, more than double the 185k forecast. The unemployment...

Notes from the Desk - Bank of Canada: This is the End. To quote the Doors, ‘this is the end, beautiful friend…the end.’ At least for now. After delivering a 25 bps hike and bringing the overnight...

Notes from the Desk:  US Inflation – A Sigh of Relief US CPI was bang on the consensus forecast: YoY Headline Inflation: 6.5% (previous 7.1%) YoY Core Inflation: 5.7% (previous 6%)   Goods...

Notes from the Desk - CAD CPI – Still High But Heading in the Right Direction. By the numbers. November CPI came in at 6.8%, lower than last month’s 6.9% print, but higher than the 6.7% forecast....

Notes from the Desk - Federal Reserve - Reading the Tea Leaves   What they did.   As expected, the Federal Reserve (Fed) raised rates 50bps, bringing the band for the Funds rate to 4.25%-4.5%...

Notes from the Desk | US CPI - Heading in the Right Direction US CPI decelerated by more than forecast as the recent drop in energy prices offset higher food costs. YoY CPI – 7.1% vs 7.3% expected...

Notes from the Desk -  The BoC Announcement: Reading The Tea Leaves   The fact the BoC hiked 50 bps taking the overnight rate to 4.25% falls into the ‘who cares’ category.  The more important...

Notes from the Desk - North American Employment:  Uncomfortably Robust   Neither higher rates, nor widespread predictions of an imminent recession are curbing hiring. Canadian Employment: 10.1k...

Notes from the Desk - CAD CPI - No Game Changer The October CPI data had a tidbit for both the ‘bull’ and ‘bear’ camps.   Despite a surge in energy prices, and food inflation still in double...

Notes from the Desk - US CPI - A Welcome Relief Federal Reserve officials are feeling a bit more comfortable this morning as US October inflation data came in lower than expected.   YoY...

Note from the Desk - Higher Rates, Hire More! The North American labour markets continue to confound conventional monetary theorists.  Higher rates and a looming recession don’t seem to be impacting...