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An improvement of this magnitude was last seen at November 2005, outside the period of COVID distortions seen between from 2020 and mid-2022
🫴 en.econreporter.com/57547/canad...
An improvement of this magnitude was last seen at November 2005, outside the period of COVID distortions seen between from 2020 and mid-2022
🫴 en.econreporter.com/57547/canad...
while employment rate ticked up 0.1 ppt
while employment rate ticked up 0.1 ppt
Employment increased by 54,000 (+0.3%) in November, driven by gains in part-time work... while the unemployment rate fell 0.4 percentage points to 6.5%.
www150.statcan.gc.ca/n1/daily-quo...
Employment increased by 54,000 (+0.3%) in November, driven by gains in part-time work... while the unemployment rate fell 0.4 percentage points to 6.5%.
www150.statcan.gc.ca/n1/daily-quo...
And Standing Repo Facility booked zero usage this morning
this doesn't smell "scarce" to me. It may not even be "ample"
And Standing Repo Facility booked zero usage this morning
this doesn't smell "scarce" to me. It may not even be "ample"
I am not familiar with this period... is that true?
I am not familiar with this period... is that true?
So I am quite unsettled by the BoE's framing that banks' should make use of the newly freed-up "capital resources"
So I am quite unsettled by the BoE's framing that banks' should make use of the newly freed-up "capital resources"
Like St Louis Fed's explainer "How the Fed Implements Monetary Policy with Its Tools" still saying discount window
Like St Louis Fed's explainer "How the Fed Implements Monetary Policy with Its Tools" still saying discount window