Marc Levesque
Marc Levesque
dodge last surprise
Dodge said nothing new that he had not already said last week, no surprise there.
absolute canadian dollar massively
Currently, the Canadian dollar has been on a tear, an absolute tear. It's been massively outperforming other currencies.
commodity partly price
This may be partly a commodity price story.
changed economy economy-and-economics focused less markets mean view word
They said nothing's changed in their view of the economy so markets focused on the word 'modest' to mean they'll be less aggressive.
came case certainly details headline looks report trade worse
This morning's merchandise trade report certainly came as a shocker, but this is one case where the headline looks much worse than the details of the data.
job tale
This is really a tale of two job markets.
canadian decision dollar fed market rate weakness
The weakness in the Canadian dollar is essentially a follow-through from yesterday's Fed rate decision that has the market anticipating at least one more hike.
basically goes steady
This basically confirms their story, so steady as she goes on that front.
bite exports growth performance poised quarter
Real exports are poised to take a bite out of Canada's growth performance for the first quarter as a whole.
bank canada focused market reaction strength tightly
There's little market reaction I think for two things. First, the strength was anticipated to some extent. Second, the market is very tightly focused on what the Bank of Canada is doing this afternoon.
case commit doors future hikes leaving rate start
I don't think they want to commit to any future rate hikes in case things start to sour. They're just leaving all the doors open.
appetite bank beyond bonds canada compelling economy half hike interest rally rates reason second
You should see Canada's 10-year bonds rally in the second half of this year. I don't see a big appetite on the part of the Bank of Canada to hike interest rates as the economy slows. There is no compelling reason to go beyond 4 percent.
increases market price rate starting
The market is starting to price out some of the rate increases that have been priced in.