Douglas Porter
Douglas Porter
account buyers current face foreign investors private providing record remain solid support
Foreign private investors remain solid buyers of U.S. securities, providing important support for the U.S. dollar, even in the face of record current account deficits.
bunny faster forecasts parity rabbits
Forecasts of parity (with the U.S. dollar) are multiplying faster than bunny rabbits in May.
labor market points remains tight
This points out that the labor market remains as tight as ever.
above barely canada closest debate employment four full ontario per rate three western
There really can be little debate now that Western Canada is already experiencing the closest thing to full employment in over three decades, with the jobless rate west of Ontario just barely above four per cent.
canadian dollar hike rapid rate renewed rise ultimately
The renewed and rapid rise in the Canadian dollar may ultimately do much of (the) tightening for the bank, but we look for at least one more rate hike this year.
almost fully likely please results
The results likely fully please almost no one.
current driven figures happened heading momentum numbers previous quarter spending start took
The thing about the quarterly figures is they're more driven by what took place at the end of the previous quarter and the start of the current quarter than what happened at end of the current quarter. These numbers tell us spending had a little more momentum heading into 2003 than the quarterly figures would indicate.
along good industrial moderate sector stage
The industrial sector is cruising along at a moderate but not spectacular pace, and that's a good thing at this stage of the expansion.