Eric Lascelles
Eric Lascelles
anyway bank beyond canada hand inflation less market move moves surprise
Inflation isn't out of hand anyway in Canada. The market may think the Bank of Canada will move less aggressively. It will be a surprise if the bank moves beyond 4 percent.
cautious expected hike intent looking rate vein
The intent of that, in my view, is to say they are very cautious about looking forward. A rate hike should not be expected in the same vein that one was expected for today.
alive canadian continue economy positive
The Canadian economy is alive and well and will continue to grow. This will be near-term positive for the Canadian dollar.
canadian dollar gone
The Canadian dollar has gone through the roof.
both companies forward rough time tough troubles workers
Clearly, many of these automakers are encountering pretty substantial troubles and I think it is going to be a tough time for both the workers and the companies going forward - we'll just have to see how rough it is.
bank beyond canada closely number sit whether
The Bank of Canada may look closely at this number and sit up and think whether they should go further. There is a probability they may go beyond 4 percent.
business canada continues grow moderate sector
The business sector in Canada continues to grow at a moderate pace.
figures hard imagine individual
It's hard to imagine that individual month-to-month figures are going to have much bearing.
canadian confront continues elevated fact including input muscular prices report sector spectrum testament wide
(The report is) a testament to the fact that the Canadian manufacturing sector continues to confront a wide spectrum of challenges, including elevated input prices and a muscular Canadian dollar.
canadian dollar paying piper question
There's no question manufacturers are paying the piper in some sense, in that they did get away with a lot over the 1990s when the Canadian dollar was weak.
bump canadian dollar evident oil perhaps prices wholesale
Perhaps part of the story for the Canadian dollar is the bump in oil prices and these wholesale numbers, but that's not all that evident in the fixed-income market.
notable word
The most notable (change) is the insertion of the word 'modest.' And that's been interpreted in a dovish fashion.
certainly election impact minority
I don't think there has been much of an impact at all from the election because, certainly a minority was expected, a minority was the outcome.
bank canada cause differ likely peak percent
I don't think this is going to cause the Bank of Canada to differ in its ways. We still think 4 percent (overnight rate) is the likely peak for them.