Marc Levesque
Marc Levesque
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.