I love cookies. Let's say you have 20 cookies that cost $1 each. Now 18 of those cookies are held by long-time owners, while the other 2 are bought and sold multiple times at escalating prices till a cookie costs $4. Only a small % of cookies, big impact. #Food4Thought#VanRE
It appears that Twitter is still around, so time for a personal update. Today is my last day at Reuters. It has been an amazing 15 years and I will miss working for the best news agency in the world. It has been a great adventure from Santiago to Ottawa... 1/?
Visited the Ottawa Food Bank warehouse for this story (I took the pix 📸). Not in the story, but worth noting that while demand is skyrocketing right now, donations are actually falling. Donate to your local food bank, if you can. 🫘🥫
I'm still trying to figure out if this weird dance video was actually made to promote this real estate listing or just happened to exist (and feature the home), so the agent rolled with it. 🧐 #OttawaRE https://t.co/4fK34FTRB2
Here's a snapshot of CPI-common as reported vs its most recent revisions. That revised line will change again in two weeks, when the September data is factored in.
The Bank of Canada is still going full steam ahead with rate hikes: "We will need additional information before we consider moving to a more finely balanced decision-by-decision approach," said Governor Tiff Macklem #cdnecon https://t.co/umtaSLpJxA
Also in today's speech: "We are reassessing CPI-common." The review of one of its three core measures of inflation follows this story I wrote with @fergalsmith2 https://t.co/btgE3YRO1P
The BoC said inflation was still "too high" but moving in the right direction. Now the (mostly unanswered) question is: soft landing or hard? All eyes will be on the business and consumer surveys out on Oct. 17. 📅🛒💸
https://t.co/kk9VAwGaSH