Ryan Sims insights, thoughts, and analysis

Tag: economics

  • Between A Rock And A Hard Place

    It is fairly common knowledge now that Canadian inflation for the month of May was reported yesterday. Of course we saw a re acceleration of inflation in the month – and not by a little bit. There seems to be a lot of mis information around yesterdays report, with a lot of people saying inflation…

  • You Gotta Dance

    Sometimes in life things turn out for the good, and sometimes things turn out for the worst . How you decide to deal with it though will have more to do with the outcome than anything. In July of 2007, the CEO of CitiGroup – Chuck Prince made a comment at an investment bankers conference.…

  • Sacrosanct

    We have all been waiting anxiously for inflation to fall to the BOC’s target of 2% for the last couple of years. People watch the monthly inflation releases more than I have ever seen in my entire career. But what if 2% doesn’t get the job done? The UK reported their inflation data this morning,…

  • What A Difference A Week ( Doesn’t ) Make

    A week ago, the only thing people wanted to talk about was the BOC rate cut. Then, on Wednesday and Thursday, all people wanted to talk about is how the 5 year bond and the CAD currency. Interestingly enough, even though the BOC cut the overnight rate last week, the 5 year Canadian bond is…

  • Revising the Revision

    I can always tell when people are bothered by something because I get a lot of calls, emails and messages on certain topics. Lately, the topic seems to be the employment report, and more importantly the revisions to the employment report. The tinfoil hat brigade seems to be out in full force lately with this…

  • 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…

  • 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.…

  • 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…

  • Pick Your Hard

    Years ago when I used to work non stop, a lot of people would tell me all the nice folksy sayings like ” Money ain’t everything” , ” You can’t take it with you”, and the like. I always used to reply with ” Being wealthy is hard, being poor is hard – pick your…

  • Lower Inflation is Good……right?

    This morning marked the release of Statistics Canada’s February 2024 inflation report. As we all pretty much know by now, inflation was lower than anticipated, coming in around 2.80% as opposed to expectations of 3.10%. Realtors and mortgage brokers have already bought new printers to print all the new rate sheets with the ” lower…