David Powell
David Powell
actual basis expected further hike indication people points statement
It's pretty much universally expected they'll hike 25 basis points but I think what will be more important is the actual wording of the statement where people will look for further indication of further hikes.
across attention attribute dollar movement result sold weakness
It really got attention in Asia...as a result the dollar has pretty much sold off across the board. We can attribute this dollar/Cad movement to across-the-board dollar weakness to the Greg Ip article.
based best earn four man results understood
It is understood that the highest-ranked man and woman, based on his or her four best results over a two-year period, will each earn a six-figure jackpot.
across canadian continues dollar ground looks lose pressured remaining versus
It looks like another day of (the U.S. dollar versus the Canadian dollar) remaining pressured as the U.S. dollar continues to lose ground across the board.
both care child crisis demand economy factor loss needing parents seeing
Ultimately, any loss of child care could potentially be a crisis. We're always seeing a demand for it, especially with the economy being a factor in both parents needing to work.
account bit current exactly expected grab retail sales
When you take the revisions into account, the retail sales is actually exactly as expected and the current account is actually a little bit better, so there's not too much to grab on to.
dead dollar economic seeing strength terms
We're seeing some last-minute dollar strength, but there's really nothing much to it considering we're completely dead in terms of economic releases.
attention attract balance dollars forecast given healthy imagine larger less market risks short skewed tends towards trade
Canada's trade balance tends to attract less attention given that it's in pretty healthy shape. But going into the (U.S.) trade balance, I imagine the market is positioned short dollars because it's forecast to widen. Risks are skewed towards a larger deficit.
break difficult level
If you look at the chart, C$1.17 has been a difficult level to break for a while.
canadian dollar gains last saw
We saw consolidation of the gains in the Canadian dollar from last Friday.
call community conscious help might speak support whereas
We're particularly conscious of the need to help spouses. Usually the diplomats will be able to speak the language, whereas spouses might not. So it can be a very isolating experience. So we do try to give a lot of support through what we call community liaison officers.
continue dollar fed few focusing funds further gains help last leave market move potential rally rate related weeks
This should help the greenback continue the rally experienced over the last few weeks and leave the market focusing on further dollar gains related to a potential move of the fed funds rate to 5.00 percent.
compares course expecting month previous trade weaker
The previous month was huge, so of course we were expecting a weaker number. The important thing is how it compares with the month's trade deficit.
changing data outlook
Today's data won't be changing the outlook at all.