May 2024

Weekly Digest———May 22nd, 2024 Inflation ReportHeadline inflation rate is down to 2.7%. The drop was helped by a 0.2% m/m fall in food prices, which offset some of the rise in gasoline prices. With gasoline prices falling in May, there will be more downward pressure on...

Weekly Digest———May 10th, 2024 Job ReportingWith the US Job numbers coming in below expectations on Friday, rate market projections quickly shifted over the weekend. US unemployment is now at 3.90%, 175,000 jobs were added and wage growth was 0.20%. All three undershot expectations.Canada’s job data arrived...

Weekly Digest———May 3rd, 2024 US AnnouncementIt's increasingly looking like Canada's first rate cut will be either June 5 or July 24. We would be a lot more confident of the timeline if it weren't for the U.S. timetable being pushed back. From Wednesday’s meeting, it appears...