Acorn Macro @acorn_macro
Top-down investment research & consulting. Explore our research at https://t.co/ua2RVMHI65 acornmc.co.uk London . Montreal . Lisbon Joined May 2021-
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Canada jobs warning! Since January, employment has increased by 25,000 on average per month, while the population aged 15 and older grew by 81,000. Given the pace of population growth, monthly job gains of 50,000 per month are required for the employment rate to stay constant.
The Loonie Hour podcast discusses the recent rate hikes #economy #canada #interestrates - a must listen! podcasts.apple.com/ca/podcast/the…
Tiff has flagged rampant population growth about a dozen times this presser. Suffice to say it’s throwing a wrench in their projections.
Bank of Canada hikes as expected to 5.00%. The big news was their expectation for inflation to decline to 2% range by mid-2025. Previous estimate was end of 2024. This is HAWKISH. $CAD strengthens on the news.
Right about now (7:15 am EDT) is the moment each year when more earthlings are in daylight than any other moment, 99% of us at once. I kind of don’t get why we didn’t all know this already and mark it every year. washingtonpost.com/weather/2023/0…
Canadians should keep a keen eye on what’s going on here…
Canadians should keep a keen eye on what’s going on here…
US Non-Farm Payrolls (209k) came in less than expected (225k exp).... and if it weren't for Uncle Sam, it would have been a lot less.
Hurray!!!!!
Let's Go!!
If you're confused as to why home prices are rising again here's a chart for you. Active inventory for sale is at the lowest levels since data was first recorded back in 2005.
UK Real GDP per Capita is still below the pre-pandemic peak (If this chart looks familiar, it's because I'm doomed to live in countries run by morons)
New episode of The Loonie Hour is up - this week special guest @erinotoole joins @SteveSaretsky @RichardDias_CFA and @IceCapGlobal listen here: podcasts.apple.com/ca/podcast/the…

Steve Saretsky @SteveSaretsky
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