Canadian inflation wasn’t as bad as expected: Canada’s inflation rate rose to 1.9 per cent in August, increasing by less than economists had forecasted and solidifying expectations of an interest rate cut on Wednesday. Statistics …
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September 15, 2025
Lots of news on the Lisa Cook firing today! Apparently she told her Georgia mortgagor that it was a vacation home: A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve …
September 12, 2025
TD Bank announced a new LRCN today: The Toronto-Dominion Bank (“TD”) (TSX: TD) (NYSE: TD) today announced the pricing of a U.S. public offering of US$750 million 6.350% Fixed Rate Reset Limited Recourse Capital Notes, …
September 11, 2025
US consumer inflation ticked up: The cost of living continues to increase for Americans at a time when the job market appears to be on shakier footing, creating a complicated economic problem that could be …
September 10, 2025
Wholesale inflation in the States is basically flat, but this came at the apparent expense of domestic profit margins: Producer prices unexpectedly fell 0.1% in August, cooling annual inflation to 2.6% from a downwardly revised …
September 9, 2025
The annual revision of the US jobs numbers came with a surprise: The American jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday. The …
September 8, 2025
The SURVEY OF CONSUMER EXPECTATIONS came out today: August Survey: Inflation Expectations Up at Short-Term Horizon; Consumers’ Job Finding Expectations Drop to Series Low Median inflation expectations ticked up 0.1 percentage point (ppt) to 3.2 …
September 5, 2025
Jobs, jobs … whoopsy!: The labor market appears to be stalling. The economy added only 22,000 jobs in August, well below the number that forecasters had expected. That suggests employers’ appetite for new recruits has …
September 4, 2025
Hats off, again, to the medical profession! As national medical, scientific, public health and patient organizations, we call for the resignation of HHS Secretary Robert F. Kennedy Jr. to ensure the health of the American …
OSFI Disgraces Itself Again
I did not think it was possible for OSFI to bring greater disgrace upon itself than it did in the debate over a Principal Loss Absorbency Mechanism (PLAM) for insurers, which would have applied NVCC-like …