Andrew Pyle
Andrew Pyle
alongside appreciation currency growth kick seeing south
We are now seeing the lags from currency appreciation kick in, alongside more uneven growth south of the border.
again bank raise rates reason
Why should the bank raise rates again in March? There's no reason.
against alone argument bank canada core couple further hike months next prevent report strong trend turned
While the report alone is not going to be enough to prevent a 25 basis-point hike by the Bank of Canada next Tuesday, if the core trend is not turned around in the first couple of months of the new year, there will be a strong argument against further tightening.
above appreciation canadian dollar fourth highs quarter recovery remains suspect threshold
While the recovery above the break-even threshold is a relief, it remains well back of the highs set in the fourth quarter and we would suspect that the appreciation in the Canadian dollar is restraining optimism.
canadian creation delivered dose job strength unexpected
May delivered another dose of unexpected strength in Canadian job creation.
consumer hitting witnessed
We are hitting the consumer with headwinds that we have not witnessed on record.
business closer gives overall reason sentiment
It gives us reason to take a closer look at overall manufacturing and business sentiment at the end of the year.
actual clarity costs details provided
I think there's going to be more clarity or more details provided as to costing, what the actual costs will be.
easier
I think there are going to be easier things for them to put through before they go for that.
currency data impact move reflecting until watching
(It) comes down to watching the data, and data reflecting the impact of this move in the currency is not going to come out until we get into the summer.
aggressive biggest canadian earnings higher obviously pressure risk spike
I think the biggest risk to Canadian equities (in 2006) is that we see a more aggressive spike higher in the Canadian dollar, which does put pressure on earnings and obviously competitiveness.
canadian equity few landscape point scenario sector
From a sector point of view, there would be very few 'safe' havens on the Canadian equity landscape if this scenario materialized.
among attribute canadian companies concern decline dismiss dollar export impact increased indicator last rise valued volatility
We can attribute some of last month's decline to the rise in the Canadian dollar and increased concern among companies as to the impact this will have on export penetration and earnings, but at the end of the day the Ivey has never been a valued directional indicator because of its volatility and desks may partially dismiss the decline as a result.
economic further growth pressure remain retail sales support
If retail sales remain healthy, it will give further support to the economic growth in the first quarter. This put pressure on bonds.