David Powell
David Powell
canadian dollar gains last saw
We saw consolidation of the gains in the Canadian dollar from last Friday.
adjust appreciation canadian concerned dollar economy feeling focal less mention point statement stronger time year
My feeling is that while there may be a mention of (a stronger Canadian dollar), it's not going to be a focal point of the statement because they are less concerned now about Canadian dollar appreciation than they were a year ago. The economy has had time to adjust and get used to a stronger Canadian dollar.
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.
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,
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.
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.
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.
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.
bit positions taking traders wary
We've had a bit of range-trading. I think traders have been a bit wary about taking positions on dollar/Canada today.
game great job passing running shutting
We had to go to our passing game tonight. They did a great job of shutting our running game down.
aggressive feeling forward given monetary moving nature policy
My feeling is that it's going to hint at much more aggressive monetary policy moving forward given the hawkish nature of Tuesday's statement.
bit indeed seemed stop
But between Yellen and the minutes, there seemed to be a bit of confirmation that indeed that would stop at 5 percent, and the market's just readjusting that right now.
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.