Taylor Nugent
speaker
7,962 appearances
80 recordings
1 series
first heard Sep 2024
last heard 27 Aug
Taylor Nugent’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 36 in all, peaking in Nov 2025 with 5.
Appearances
And I think, you know, looking at the detail there, there was some strength through accommodation and food services.
So maybe it says at the World Cup, uh, which is partly taking
Place in Canada provided a little bit of a boost.
But I think if you zoom out, kind of an unemployment rate around 6.5%, that's about half a percentage point below its recent peak, around 7% back in kind of September last year.
And so I think for the Bank of Canada, it's not going to affect the decision on Wednesday.
They'll they'll be on hold.
But I think you know, if we see this continue or see a little bit of a further decline in the unemployment rate, then that framing that the Bank
Canada has that kind of that slack in the domestic economy means that uh policy on the on the easy side of of neutral is is appropriate given the the risks that are out there.
You know, maybe if we do see this kind of thing continuing, then it it makes the case that they could start to to normalize.
And so markets there pricing about 17 basis points of tightening by the end of the year, and that was up about three basis points on that data.
There you go.
Um not not a criticism of Waller's speech, as I'm sure I'm sure.
Of course not.
Yeah, couldn't be couldn't accuse Waller of uh of waffling.
But yeah, as you say, very quiet start to what is a pretty busy week actually.
The New Zealand PSI, the only data out.
Waller, the pick of the central bankers, but we also hear from Schnabel and the BOE's pill as well.
Um, but then, you know, later this week, as the week progresses, we've got the NAP Business Survey and the Westback Consumer Confidence Starter out tomorrow locally.
in the US.
Big week for data, headline by by the June, CPI, but also retail sales um and a couple of other things to look out for there, including earnings season, which is which is kicking off in in the US.
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