Carolyn Kwan
Carolyn Kwan
canadian commodity dollar looks reason
It looks like the Canadian dollar has really recovered. Part of the reason has to do with the commodity story.
economic outside releases
The U.S. economic releases were not particularly outside of expectations in any way.
expecting impact increase rate
We're still expecting one more rate increase and I think this probably should not have too much of an impact overall.
bit came canadian course deficit dollar except expected positive result smaller stronger time trade
With the stronger trade surplus, I would have expected the Canadian dollar to do a little bit better, except of course at the same time the U.S. trade deficit came in smaller than expected. As a result it's been positive for the U.S. dollar.
coming increase interest next rate supportive
I think the next interest rate increase is pretty much anticipated. We (forecast) another interest rate increase coming right after that as well, we think this is pretty supportive of that.
mediocre overall report tone
The overall tone of the report is pretty mediocre at this point.
canadian data dollar helping industrial prices strong support week
There were probably industrial prices that were helping support the Canadian dollar and also some of the data that we'll get at the end of the week could be on the strong side.
adjustment bring coming explicitly global inflation lower risk several talk terms ways
They probably will not explicitly (address it.) But there are several ways in which they can bring that up and talk about it in terms of global risk and the adjustment to international terms of trade, or...that inflation has been coming in lower than expected.
bank business canadian center conditions dollar maybe particular playing role seems stage survey thinking
The business conditions survey is going to take center stage for Canada, maybe in particular because the Canadian dollar seems to be playing an important role in the Bank of Canada's thinking now.
bank good hike imported lower plans rate report supportive
This is a supportive report for Bank of Canada's 'modest' rate hike plans -- good growth, but lower imported costs.
both helped january level likely months normal previous represent since starts strongest though underlying weather
It is likely that the level of starts in both months was helped by milder than normal weather (the previous month, for example, was the strongest level of starts since January 1987), though they still represent strong underlying demand.
arguably bond rise seen yields
A rise in longer-term bond yields would arguably be seen as doing some of the Fed's tightening work.
across jobs number strong
The jobs number was a blowout. It was strong across the board.
data direction fed guidance move since talking watching
There's very little direction. Everyone's tuning into (the payrolls figures) especially since the Fed has been talking about watching incoming data for guidance on how they're going to move in March.