Marc Levesque
Marc Levesque
backdrop bit currency economy government majority matter rally surplus
If we end up with a majority government you could see a bit of a rally in the currency but it would be short-lived. Canada's economy is comfortably in surplus and that backdrop isn't going to change, no matter who wins.
economy economy-and-economics fall full paints picture report shows similar survey
This report paints a picture very similar to the fall survey and shows an economy practically at full capacity.
aside changed dodge exactly few leaving message policy since small substance
Aside from a few small snippets, Mr. Dodge could have transmitted exactly the same message by stating that 'nothing of substance has changed since the (Monetary Policy Report) Update', and leaving it at that.
anybody bank basis canada expecting hike next points
I don't know anybody out there who is not expecting the Bank of Canada to hike 25 basis points next week.
continue currency fed global increased monetary movements policy seeing shift terms
What we're seeing in terms of currency movements - and it will probably continue at least over the near-term - is a shift in global monetary policy expectations. There's a gearing-down of expectations for Fed tightening, coupled with increased tightening expectations elsewhere.
appetite bank beyond canada further giving hikes impression percent rate
Most importantly, the Bank of Canada is not giving the impression that it has much of an appetite for further rate hikes beyond the 4 percent level.
bank canada data investors providing rate reason risks sell upside
The data aren't providing any reason for the Bank of Canada to pause. The risks are on the upside for rate increases. Investors are going to sell bonds.
bank believe canada certainly favor hike lost odds rate report strength
The strength of today's report certainly will not be lost on the Bank of Canada ... as a result, we still believe the odds favor another rate hike from the bank in April.
exports growth net
So exports actually contributed to net GDP growth in November.
bank call canada cent changing continue four per rate reason
In our view, there is still is every reason for the Bank of Canada to continue to nudge its rate higher, and we are not changing our call for a four per cent (overnight) rate by April.
afford bank canada cannot check complacent horizon inflation month overnight peak rate time wants
The Bank of Canada cannot afford to be complacent if it wants to keep inflation in check over its 18-24 month time horizon ... Look for the overnight rate to peak at 4 percent.
consumers means obviously spending squeeze
It'll be a pretty big increase. It means a lot for consumers and their pocketbooks, obviously - it's going to squeeze their spending power.
accounting exports growth net positively
As a result, net exports contributed positively to the accounting of GDP growth in November.
battery hikes himself rate sees suggesting surprised time
That's not suggesting to me that he sees himself with having a whole battery of rate hikes going forward. I would not be surprised at all to see them go one more time and then pause.