Reportedly, hundreds of CIBC employees have been laid off.
If these accounts are accurate, this isn't just another layoff story.
It's another Canadian family wondering how they'll pay the mortgage, the rent, or the grocery bill.
Job losses. Rising costs. Housing stress.
The human side of this economy is becoming impossible to ignore.
CME TO SUE CFTC OVER PERPS
CME HAS A MONOPOLY OVER US FUTURES MARKETS AT A 92% MARKET SHARE
THE RESULT: LESS COMPETITION, HIGHER FEES AND A MARKET THAT NEVER HAD TO INNOVATE
CFTC CALLS IT “LAWFARE FROM AN INCUMBENT AFRAID TO COMPETE.” EVEN THE REGULATOR IS TIRED OF THEM.
Global inflation swap curves are beginning to price LESS inflation risk on a marginal basis
This is going to the set the stage for FOMC next week
This will be something I am going to cover in the livestream on Monday. I will send the links out for this on the website (linked in my bio rn)