Category: Uncategorized
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Clear As Mud
This morning at 8:30 we got a lot of data out about the health of both the Canadian and US economy. First things first, the US inflation number was out, and it came in right where expected at 2.7%. it was the PCE which is the US Federal Reserve’s preferred inflation gauge. The 2.7% was…
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Saying the Quiet Part Out Loud
Well, this week we finally heard it. In a press conference this week, the Prime Minister of Canada said the quiet part out loud!! During a press conference on housing, Justin Trudeau announced that basically if housing goes down in value, it will be a problem. I am not going to quote him here, but…
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Wednesday Smashup
What a week it is shaping up to be. Lets take a look at some things that are going on: Scotiabank has changed their slogan. We are all familiar with ” You’re richer than you think”, but now they have changed it to ” There is more to life than more”. Apparently, they couldn’t say…
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Anyone Have A Pinecone?
Will he, or won’t he? That seems to be the million dollar question these days. Will Tiff lower rates on June 5th, or will he continue on the status quo of doing nothing? Never before have I ever seen so many people outside of the Capital Markets world worried and watching a central bank announcement.…
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Forget The Flowers
In todays day and age of social media, it is very easy to get caught up in things. We see all of the moments in peoples lives that they want us to see. Fancy trips, big announcements, and all the ‘ things’. How many times have you witnessed people post a hundred pictures of the…
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Peter, Paul and Mark
When I was a little boy, and growing up in a rural farming town, I often heard some of the locals say that they were going to ” borrow from Peter to pay Paul”. Some of the farmers around were even more vicious, and they were going to ” rob Peter to pay Paul”. I…
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FIRE!!!!
The Canadian jobs report is out, and it is fire!!! Canada added 90,000 jobs in April – far exceeding the estimates. All in all it was a decent report with a majority of the jobs being in the private sector for a change, although the part time number was a little high, but all in…
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Are You Sure There, Bud?
Quite often the confidence we see from people is astounding. As the saying goes ” The problem with the world is that the experts doubt themselves, while the stupid ones are full of confidence”. Time and time again, I see a lot of assumptions made that turn out to be wrong. Just this week I…
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Southern Data Sends Yields South
The US employment report was just released, and hiring is slowing down in the US. Total new jobs created came in at 175,000, much lower than the expected number of 240,000. The unemployment rate held at 3.8%. Coming off Jerome Powell’s conference yesterday where he confirmed that the US Fed’s next move WON’T be a…
Ryan Sims insights, thoughts, and analysis 