Tag: economy
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Chop Chop
If you listen very closely, you can actually hear all the Tik Tok relators limbering up and getting ready to dance the day away tomorrow after the BOC cut. Money markets are widely pricing in a 50 bp cut tomorrow, with 76% odds of 50 bp reduction. That is good enough to say the majority…
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Don’t Look Now
A very happy Gobble Gobble day to everyone in Canada. I can smell the turkey from all the way down here. I hope everyone is well rested after the long weekend and ready for another week of mortgage wars. One thing about me is that when I am wrong – I admit it. We all…
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Lucky Number 3
The third time is the charm was the old saying we use to have back in the day. It seems these days, things seem to come in 3’s. While I was busy trying to stay safe from Hurricane Milton – a category 3, there were a lot of things going on in the finance world…
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Haters Gonna Hate
I am getting old. I am so old in fact, that I remember the days gone by where the USA had to really do something to piss off Canada. I mean something like enact a tariff, elect an orange man, or something of that nature. Today though, apparently all the USA has to do to…
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Rate Wars and High Temps
While everyone has been busy enjoying some pretty amazing fall weather, the temperature isn’t the only thing heating up. It appears that maybe, perhaps, quite possibly the bond market is taking its que from Mother Nature, and heating up itself. This may not be the time to interrupt the Tik Tokking realtors, but it appears…
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Taking the Easy(ing) way out.
It has become quite apparent over the last couple of weeks that the days of interest rate cuts have started. Uncle Tiff was first to the party in June of this year with 25 bps, followed by another 25 bps in both July and September. Jerome Powell and Co. brought a gun to a knife…
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Crash, Burn and Yield
Last week will probably be remembered as the week in 2024 when changes bloomed. Canada saw the awkward Monday morning announcement by the government about changes to the first time home buyers program. There is still a lot to be written on the official rules that come out on Dec 15th, but it looks like…
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Jumbo The Elephant
The elephant in the room over the last couple of months has been the US Federal Reserve. Will they or won’t they? Big or small? 25 or 50? Wednesday gave us the answer, and it did cause a little bit of whiplash across stocks, bonds, and currencies. After cutting the Fed Funds rate ( overnight…
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Inflating the Inflation Narrative
Tuesday saw the release of Canada’s August inflation report, and what a report it was. I am sure all the Tik Tok dancers are thoroughly wiped out this morning from all of the dances they were doing yesterday. Add yesterdays videos to the videos from Monday after the mortgage announcement, and I am sure they…
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Hold Up!! Wait a Minute!!
We are 24 hours since the BOC announcement and I am sure there are some pretty tired Tik Tok realtors. All that dancing can tucker a person out pretty quick I am told. I am sure they are sleeping in, and resting today after all the action yesterday. Lets face it – it isn’t like…
Ryan Sims insights, thoughts, and analysis 