Avery Shenfeld
Avery Shenfeld
against bank canada economy good inflation job production recent remains
The Bank of Canada remains on the warpath against inflation in an economy where recent job and production gains are, in its view, too much of a good thing.
employment jobs left market payroll prior revision
August's 169,000 jobs gain, coupled with a 44,000 upward revision to the prior two months, left payroll employment just about where the market expected.
canadian dollar following gas hearts minds move natural oil prices
It's oil and natural gas prices that move the hearts and minds of those following the Canadian dollar these days.
bells canadian dollar drag economy starting warning
The warning bells are starting to ring, that the drag on manufacturing from the Canadian dollar . . . is starting to show through, now that the U.S. economy is starting to slow.
although benefit case core doubt economy far fed financial growth higher implies inflation low markets pat pushing rate rates risking signs slowing standing
Although financial markets have confidently priced-in a May rate hike, low core inflation implies that the case for risking growth by pushing rates higher is far from clear. If, as we expect, the economy were to show signs of a slowing by May, the Fed will want to give it the benefit of the doubt by standing pat at that point.
ahead along begins energy humming job market prices recent result says spike stand storm
Ahead of the storm clouds, the American job market was humming along nicely, a result that says little about where things will stand as the recent spike in energy prices begins to bite,
bank case fairly reading remaining strong
All told, a fairly strong reading that will only buttress the Bank of Canada's case for remaining hawkish.