Rick Egelton
Rick Egelton
although exception expected full major mining next oil ramp rule tilt westward
Next year, the westward tilt is expected to continue, although Newfoundland and Labrador will be the exception to the rule as major developments in the mining and oil sectors ramp up to full production.
component concern fairly inflation likely seeing strong
We are seeing the prices-paid component getting up there, a fairly strong number, which I think will likely heighten the Fed's concern on the inflation front,
cent expect fall overnight per rate reach
We expect the overnight rate to reach 4 per cent by April, and 4.5 per cent by the fall of 2006.
declines demand expect fulfilled further interest medium rates rise
We expect further declines in 2006 and subsequent years as pent-up demand is fulfilled and as interest rates rise over the medium term.
consumer growth moderate outside retail sales
Retail sales -- a little disappointing when you look outside autos. All in all, it suggests moderate growth in consumer spending.
careful run
I think they would want to be very careful not to run a deficit. . ,it would look terrible.
past quicker
I think the pass-through has been much quicker than it has in the past.
bit economy economy-and-economics people performing
I think the economy is probably performing a little bit better than people had anticipated as well.
alongside economy indeed purchasing
When you take (the report) alongside all the other indicators, particularly the purchasing managers' survey, it confirms the economy is indeed in recovery.
change fed hold numbers time
These numbers will not change the Fed's thinking. The Fed is on hold for the time being.
change fed hold numbers time
These numbers will not change the Fed's thinking, ... The Fed is on hold for the time being.
certainly confirm continues fairly fed inflation lots room view
The Fed has had a fairly sanguine view on inflation and this (CPI report) will certainly confirm that view. It continues to give the Fed lots of room to maneuver,
continuing solid
A very solid number, indicating that manufacturing is continuing to expand.
initiative leave room
It (the GST cut) is their big initiative and it doesn't leave them a lot of room to do other things.