Mark Chandler
Mark Chandler
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.
becoming data less remaining third waiting
It's becoming less certain, the third (rate hike). We're waiting to see how the remaining data comes through.
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.
basically coming due good mostly move profit result
It's mostly just coming off the back of profit selling, if you like, after a good result yesterday. The down move in the U.S. is basically due to oil.
bank canada economic interest likely raise rates view
The Bank of Canada still has a constructive view on economic growth. They may be likely to raise interest rates more.
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.
although canada consistent percent
The (Bank of Canada is) priced for 4 percent and this is consistent with that right now, although they are in data-watching mode.
bank consumer good notion reasonably
The bank is reasonably comfortable with the notion that the consumer still has pretty good fundamentals.
area capacity
They have to look at this as one area where there are capacity constraints.
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.
concern fourth good looking quarter serious viewing
They'll be looking at other stats going forward. On average, the fourth quarter was a good quarter for employment. I don't think they're viewing that as a serious concern here.
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.
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.