Tag: inflation
-
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…
-
Kaboom!!
That loud bank you may have heard today was the employment reports being released this morning. While the US exploded, it appears Canada is imploding. The US employment report released at 8:30 this morning blew the doors off, with over 330K jobs created in the month of March. Coming in well above estimates, it confirms…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
Here a Creep, There a Creep
Another day with another data release. This time the US CPI is coming in a little hotter than anticipated. Calls were for CPI to increase .2% in January, but they came in +.3%. The annual rate of inflation moved to 3.1%. Inflation starting with a 3 handle is a lot bigger than inflation starting with a 2 handle. As…
Ryan Sims insights, thoughts, and analysis 