David Powell
David Powell
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.
canadian dollar gains last saw
We saw consolidation of the gains in the Canadian dollar from last Friday.
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,
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.
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.
allow anybody asking budgetary complain dilemma folks impossible maintain meet morale nor office pay people qualified risks run somebody staff support sustain talking tried trying understand worry year
I understand the dilemma and the risks I'm asking you to take. I'm asking you to support me and to allow me to run this office for one year the way I can maintain morale and keep two qualified people working. I can do that and meet your budgetary requirements, ... I can never do that and keep the courthouse happy. I don't try to do that. I've not tried that for 20 years. That's going to be impossible for me to do. I don't worry about anybody but my staff nor do I come in here and complain about what somebody else is getting. If you want to pay the folks in the clerk's office $60,000, I don't care. I'm talking about one person here and trying to sustain it for one year.
capacity definitely further hikes implies monetary policy rate
The wording was that monetary policy is still stimulative, which implies further rate hikes down the line. And this morning, when capacity utilization was released, that definitely augured well for another rate hike.
hikes hints
These are the first hints that the end of the hikes may be coming.
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.
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.