Canadian headline inflation eased to 7.0% y/y (-0.3% m/m) in August, down from 7.6% y/y (0.1% m/m) in July. Notably, this is a positive surprise to consensus estimates which had expected a less pronounced deceleration to 7.3% y/y…
On Friday, markets got a dismal Labor Market report for Canada. The market consensus expected 15 thousand jobs to be added in August, however 39.7 thousand jobs were lost. This marks the third consecutive monthly decline, bringing…
Executive Summary Our negative view on the summer rally is coming to fruition, with equities falling back on the negative geopolitical, macro, and monetary environment. China is easing policy ahead of its full return to autocratic…
Canadian headline inflation rose at a slower 7.6% y/y (0.1% m/m) pace in July, down from 8.1% y/y (0.7% m/m) in June. Decelerating gasoline prices were the main contributor to easing inflation. Excluding gasoline, CPI rose 6.6…
Listen to a short summary of this report. Executive Summary Chart 1The Dollar Has Broken Below The First Line Of Support The softer CPI print in the US boosted growth plays and pushed the DXY index below…
The Bank of Canada raised the policy rate by 100 bps on Wednesday, beating expectations of a 75bp hike. This move brings its target for the overnight rate to 2.5% and the central bank indicated that more hikes are coming.…
Executive Summary Our recommended model bond portfolio outperformed its custom benchmark index by +24bps in Q2/2022, improving the year-to-date outperformance to a solid +72bps. The Q2 outperformance came entirely from the credit side…
The Bank of Canada’s Q2 Business Outlook Survey reveals that businesses expect intense price pressures to persist. The share of surveyed firms that expect input prices to increase significantly over the coming 12 months…
Executive Summary China: GeoRisk Indicator A new equilibrium between NATO, which now includes Sweden and Finland, and Russia needs to be reestablished before geopolitical risks in Europe subside. Russia aims to inflict a…