Viresh Kanabar, an investment strategist with 8+ years of experience, notably contributed to portfolio construction and risk management at CCLA Investment Management, a £12 billion fund. Viresh was also a voting member of the Investment Committee and ran the private asset valuation process. Before his role at CCLA, Viresh made significant contributions during his three-year tenure as a Consultant at Deloitte, where he was a part of the largest P&C merger in 2016.
Monetary Policy & Inflation | Rates
Viresh Kanabar
Summary Governor Macklem executed a dovish hold during yesterday’s BoC meeting. Three themes emerged during the presser: Uncertainty is weighing on Canada’s economy. Inflation remains too high. A cut and a pause were discussed, with inflation data leading to a pause. Market Implications We believe the BoC will next cut its policy rate in July. […]
Viresh Kanabar
Summary May’s labour data showed further loosening with the unemployment rate rising to 6.9%. However, this data was overshadowed by hotter inflation and consumption data. While one-offs have mostly driven inflation higher, core inflation above 3.5% remains too hot to allow the BoC to cut further. Falling household savings suggest consumers are loosening their belts […]
Viresh Kanabar
Summary We think the BoC will remain on hold tomorrow. Since the last meeting, reciprocal tariffs have impacted Canada less, while core inflation has crept above 3% YoY. Given recent CAD appreciation, further labour market weakness and the potentially smaller hit to inflation, there may be more focus on Canada’s growth outlook in the months […]
Viresh Kanabar
Summary Inference-time scaling is the New Frontier: AI progress is shifting to focus more on inference-time scaling techniques that refine responses after initial training. Deeper Reasoning, Longer Waits: Enabling models to break complex tasks into smaller steps during inference results in longer waiting times but better responses. Better Cost-Outcome Alignment: This approach better aligns cost […]
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