Andrew Pyle
Andrew Pyle
economic focus generally positive run
It's really a day where you're going to focus on the U.S. economic story. But I think we should see a generally positive run today.
appears begin bond call market nervous report scenario
It's a wake-up call for the bond market, ... The bond market was nervous to begin with that the goldilocks scenario wasn't panning out, and this report appears to confirms that.
bit breath closing crash eyes giant happened holding industrial similar waiting wave
It's a bit like closing your eyes and holding your breath waiting for a giant wave to crash down -- only to find that the wave has disappeared. There's a very similar correlation between what's going on now and what happened during the industrial revolution.
annual bank core gain hikes inflation largest major november percent rate reinforce since takes
This is the largest gain since November and takes annual core inflation to 1.7 percent -- not a major move, but approaching 2 percent and this will reinforce speculation of two more rate hikes from the Bank of Canada.
deficit faster growing spent time
The U.S. deficit is growing faster than someone who spent too much time at the all-you-can-eat buffet.
agreement broad concrete details impression liberals party support tory within
There's probably broad agreement within the Tory party for that. There's no concrete details on that, but you get the impression that Conservatives would probably support that as well. Obviously, the Liberals would support it because it's their program.
appear guidance overly
Right now their guidance has been clear... they don't appear overly alarmed by this.
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It was like someone turned on the lights at the high school dance. Not only did people begin to realize that the party was over, they also realized that they didn't really know who they had been dancing with.
acting apparent assessment bank canada currency dollar impact starting
The impact of an overvalued currency is starting to become more apparent ... the Bank of Canada may have to reconsider its assessment of how much the dollar is acting as a drag.