David Powell
David Powell
attention crude looking market pay psychology taking
I think it was a day of market psychology taking over and looking at those crude prices, because there was nothing else to pay attention to.
came throws
Marcus came in and made some big-time throws for us at the right time,
among heaven known land landed saying students
Lisa was known for saying to her students and to her friends, 'Shoot for the moon. Even if you miss, you'll land among the stars.' And today, she's landed among the stars. She's in heaven with her Father.
aside bank canada focus longer monetary oil overnight policy pushed role statement term
I think overnight there was another focus on the bank of Canada statement and it pushed aside the oil sell-off, as monetary policy is probably going to have a longer term role than oil.
came knows people serve work
That would serve to make the liquidity even thinner. Who knows how many people actually came to work today?
drive growth hit recession seen since slow strategy
The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth.
canadian direct higher impact katrina perhaps refer terms
I don't think they'll refer to Katrina in terms of its direct impact on the Canadian economy, but perhaps its impact on higher oil,
coming continue countries interest rate sensitive
The U.K. is an eye-grabber. These are petrodollars coming from the OPEC countries through intermediaries in London. Petrodollars continue to be very sensitive to interest rate differentials.
below course fact less monetary reflection somewhat statement sure traders trouble
You can see that dollar/Canada's had trouble going below C$1.15. I think that's a reflection of the fact that the statement was somewhat less hawkish, and traders are less sure about the course of monetary tightening in Canada.
bullish buy canadian despite dollar happy market reason remains sell
The market remains very bullish on the Canadian dollar and is happy to buy it when they have a reason to, but they don't really want to sell it, despite what they're being told by the market.
definitely lend merger support
An announcement of a merger or acquisition can definitely lend short-term support.
account action canadian capital current driver fears fund inflation main served
The main driver of today's action as a whole was not the Canadian inflation report. It was the (net capital flows) data, which served to alleviate fears that the U.S. won't be able to fund its current account deficit.