David Powell
David Powell
came knows people serve work
That would serve to make the liquidity even thinner. Who knows how many people actually came to work today?
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.
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.
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.
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.
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.
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.
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.
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.