Tag: economy
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Tough Job
Tomorrow morning at 8:30 am will be a very pivotal moment for a lot of people in finance. Tomorrow morning at 8:30 am EST we see the release of the March employment reports in both Canada and the US. The reason I say tomorrow is a biggie is that there is a lot riding on…
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Rise Up
The title seemed appropriate after the Easter weekend. I am talking about interest rates of course. It seems that the Canadian bond market has a spring in its step these days. After seeing rates bounce around at a lot lower level for most of Q1, it appears the bond market has found new life. After…
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Hold Raise and Cut
As central bank meetings roll out around the Globe for March, we are starting to see some interesting surprises. As everyone and their brother expected yesterday, the US Federal Reserve held their benchmark rate. Interestingly enough, only 90 days ago, markets saw the Fed cutting 8 times in 2024, and now that number is down…
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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…
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Consider The Source
I have long held the belief that you should always consider the source whenever taking advice from anyone. God knows there are way too many internet bloggers giving out their opinions these days. Anyways……. Beyond considering the source of someone, we should also consider the source of some things. Today was an absolutely gorgeous day…
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What Do You Think?
Sometimes in life we need to change the way we think. Far too often, we as a society resolve to doing something a certain way simply because ” that is the way it’s always been done”. Back in the Victorian era, people used to cover their mirrors with a blanket while not in use, so…
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Above Average
They say the problem with being average, is that you are simply average. As I like to ask people ” Think of how dumb the average person is, and then remember that 50% are even dumber than that”. Yesterday saw the release of the Canadian January inflation numbers, and I have to be bearer of…
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W.T.F.
As we learned this week, WTF may not stand for what you think it stands for. The leader of the official opposition gave us an alternative meaning to WTF. Where’s. The. Funds. I am sure this will become part of some vernacular throughout Canada for a while, but it leaves me to wonder if there…
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Does the math, math?
At 8:30 EST this morning, the Canadian employment report rolled out. Of course the headline number showed that Canada added 37000 jobs. Cool, right? Well not so fast. Dig a little deeper and the numbers start to look a little less cool. On the net, yes, 37,000 jobs were created, however 49,000 of the jobs were part time, so…
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Gradually, Then Suddenly.
Ernest Hemingway had a famous quote: How did you go bankrupt? Two ways: Gradually, then suddenly. If that doesn’t describe real estate right now, then nothing will. Deep down we all knew something was wrong. You could feel it in your bones. You couldn’t exactly place your finger on it, but you just knew something wasn’t right. Of course, there are people…
Ryan Sims insights, thoughts, and analysis 