Divergence figures to be the primary theme in global central banking during the final six months of the year as policymakers around the world adjust to higher American tariffs. … READ MORE >
interest rates
Market Minute: The perils of appointing a shadow Fed chair
Such an appointment would cut against the grain of Fed independence and its institutional credibility developed over the past half century. … READ MORE >
Market Minute: In financial conditions, it’s as if nothing happened
The rebound in equities suggests that investors have shrugged off tariffs, and it is as if the Middle East conflict never really happened. … READ MORE >
Canada’s consumer price index steady due to cooling housing market
Canada’s consumer price index rose 1.7 per cent in May thanks to a more balanced housing market and smaller increases in travel prices. … READ MORE >
Market Minute: Why are mortgages so expensive?
Mortgage rates have retreated somewhat since their 2023 peak but remain higher than what we would normally expect. … READ MORE >
Market Minute: Supply shocks and inflation expectations
The escalation of hostilities in the Middle East over the weekend could very well be the next step in a broader global supply shock. … READ MORE >
The Fed holds rates steady, but its forecast has the whiff of stagflation
In holding the policy rate in a range between 4.25% and 4.5%, the Federal Open Market Committee also signaled the possibility of two rate cuts this year, … READ MORE >
Canada’s unemployment rate hits 7% despite some resilience
Despite some economic resilience, Canada’s unemployment rate hit 7 per cent as the damage from tariffs and trade uncertainty permeates the labour market. … READ MORE >
Bank of Canada holds interest rate again amid economic volatility
Despite a better-than-expected first quarter for Canada’s economy, the Bank of Canada held its interest rate again as it contends with tariff uncertainty and economic volatility. … READ MORE >
Canada’s economy grows 0.5% in 1st quarter due to exports, but challenges loom
Canada’s economy grew in the first quarter largely due to pre-tariff efforts, but ongoing uncertainty means the economy is expected to contract next quarter. … READ MORE >