Mark Chandler
Mark Chandler
bank canada canadian initial percent raise rate reaction weaker
The Bank of Canada may raise the rate to 4 percent and pause. Initial reaction is a weaker Canadian dollar.
canada canadian close data gave lows market mean numbers previous testing
Usually Canadian data doesn't mean that much but we were so close to testing the previous (dollar/Canada) lows that when we got better productivity numbers it gave the market a push.
canadian currency degree energy given growth record remarkable stable volatile weather
The most remarkable thing about Canadian growth is that it has been so stable given the degree of 'moving parts' like record currency strength, volatile energy prices, weather fluctuations, etcetera.
canadian currency dollar gets oil room support
The Canadian dollar still gets support from oil prices. There is still room for the currency to improve.
boost canadian employment few last roll
(The Canadian dollar) got a boost from the employment data, but it's been on a roll over the last few days.
balances canadian external fourth good news quarter
In all, the good news for the fourth quarter on external balances should be well-received and underpin the Canadian dollar.
changed data degree high statement wait
The statement may be changed to suggest, because of a high degree of uncertainty, that they'll just wait and see how the data unfolds.
bank canada convince drag fact growth move sector september simple trade
The simple fact that the trade sector has ceased to be a significant drag on growth will be enough to convince the Bank of Canada to move on September 7 (and beyond).
five note planting seen
We haven't seen any planting of any note for five years.
bank core decisions expected fact given remained unchanged year
Given the fact that core was as expected and remained unchanged on a year on year basis, I don't think it will really change the Bank of Canada's decisions much.
bit push saw weakness
We got a bit of an upward push because of the weakness in equities, a bit of reversal from what we saw yesterday.
bad energy eventually gas natural particular question week
This week was a bad one for energy prices, in particular natural gas prices, which were down 15 percent. There was no question of those eventually weighing on the currency.
bank canada clearly continue firm likely percent
You have firm inflation. The Bank of Canada has to continue tightening to keep it in check. Clearly it makes 4.25 percent more likely than 4 percent.
best community developers interest
It's not in the best interest financially for our community. It's in the best interest of the developers who want to come in and do this.