Marc Levesque
Marc Levesque
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.
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.
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.
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.
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.
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.
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.
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.
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.
increases market price rate starting
The market is starting to price out some of the rate increases that have been priced in.
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.
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.
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.