Macro from the 49th parallel.
A weekly look at the economy and markets, built from Canada outward. One video and one sourced write-up every Saturday, with the US and the rest of the world in proportion.
Is Canada repeating Europe's 2011 mistake?
The Bank of Canada raised rates into a weakening job market to stop an oil shock from spreading. The last central bank that tried this reversed course within months.
Notes
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Oil just hit a ten-week low. Here's why the Bank of Canada is watching
Brent is down about 13% in a month. The energy shock behind the Bank of Canada's hike is starting to fade, but it hasn't gone away.
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The jobs number that October's headline hid
Employment was flat in October. Underneath, private employers cut 53,000 jobs and public hiring filled the gap.
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Why Parallel North
A weekly macro review built from Canada outward, with every number sourced and no stock tips.
How the coverage is split
Every number has a source. Statistics Canada, the Bank of Canada, the Fed and the BLS first. If a figure comes from a secondary summary, we say so.
History over hype. Each episode looks for the closest historical parallel, and says where it fits and where it doesn't.
Education, not advice. We explain how the economy works. We never tell you to buy, sell or hold anything.