Doug Porter
Doug Porter
Douglas "Doug" Porteris a former American football coach. He served as the head coach at Mississippi Valley State University, Howard University, and Fort Valley State University, compiling a career college football record of 115–111–5. He was also an assistant coach at Grambling State University under Eddie Robinson. Porter was inducted into the College Football Hall of Fame in 2008...
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After about a two-week lull we'll get back to business this week, ... We've had a few signs that the economy is losing some momentum and these reports will help indicate whether that's really the case.
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The main story is foreign investors are more than willing to finance the U.S. current-account deficit. The stability, indeed the strength, of the U.S. dollar in 2005 encouraged investors back into the U.S.
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The market is expecting strong first-quarter growth and employment cost numbers, which could signal more rate increases from the Fed down the road than what people are currently expecting.
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The combination of strong full-time job growth, the low-low jobless rate, rising wage gains and a decent regional balance to the employment picture make this a very healthy report overall.
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And I think a lot of it flows from a combination of very positive Canadian economic data on Thursday, as well as more signs out of the U.S. that the U.S. economy is cooling to a sustainable pace and that the (Federal Reserve) will be on hold for some time.
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This is a clear-cut negative for Canadian growth.