CGI ( GIB ) Thursday announced a 10-year agreement with Caisse Alliance to modernize its member digital banking platform through deployment of ebankIT's nXP solution. The initiative will strengthen Caisse Alliance's Allia digital banking platform, enabling enhanced digital services, the company said . CGI and ebankIT will work collaboratively on the integration and configuration of the nXP platfor...
CGI ( GIB ) Thursday announced a 10-year agreement with Caisse Alliance to modernize its member digital banking platform through deployment of ebankIT's nXP solution. The initiative will strengthen Caisse Alliance's Allia digital banking platform, enabling enhanced digital services, the company said . CGI and ebankIT will work collaboratively on the integration and configuration of the nXP platform, combining sector expertise, proven product capabilities, and disciplined delivery to provide a secure, scalable, and resilient digital banking solution. More on CGI CGI Inc. (GIB.A:CA) Q1 2026 Earnings Call Transcript CGI Inc. (GIB.A:CA) Shareholder/Analyst Call Transcript CGI Inc. 2026 Q1 - Results - Earnings Call Presentation CGI Q1 2026 Earnings Preview CGI, OpenAI partner to deploy AI solutions
gesrey/iStock via Getty Images Money supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if money supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money supply figure. It was made popular by the late ...
gesrey/iStock via Getty Images Money supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if money supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money supply figure. It was made popular by the late Robert Wenzel who tracked the metric weekly as an indicator for where the economy might be headed. In 2020, the Fed started reporting the data monthly instead of weekly. It should also be noted that money supply data can be heavily revised in future months. Recent Trends Seasonally adjusted money supply has been growing on a consistent monthly basis since November 2023 (28 straight months). The latest month (February) showed a massive increase of $198B. This is more than double the recent trend, which is quite alarming. What has caused this sudden increase in money supply? It likely has many drivers, but the fact the Fed has restarted QE could be a major reason. Figure 1: MoM M2 Change (Seasonally Adjusted) The increase in February was 11.1% annualized, which is well above the 4.9% over the past year. Figure 2: M2 Growth Rates February average is typically around 6%, which puts the latest month still well above average. Figure 3: Average Monthly Growth Rates Non-seasonally adjusted shows negative growth for the month of January and positive growth for February and March ( note: this data is ahead of the seasonally-adjusted data above ). Figure 4: MoM M2 Change (Non-Seasonally Adjusted) The weekly data shows what happened: the recent data has been moving with more consistency rather than exhibiting a more choppy behavior as it did for most of the past. Figure 5: WoW M2 Change The “Wenzel” 13-week Money Supply The late Robert Wenzel of Economic Policy Journal used a modified calculation to track money supply. He used a trailing 13-week average growth rate annualized as define...