Rick Egelton
Rick Egelton
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.
allow annual cent decline growth higher lowest november per rate return since slightly stood
The unemployment rate stood at 6.1 per cent in November - the lowest rate since mid-2001. The return to higher growth in 2006 should allow the annual unemployment rate to decline slightly in that year.
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,
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.
continuing solid
A very solid number, indicating that manufacturing is continuing to expand.
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.
break canadian cents commodity course depends dollar easily moving prices remain
It really depends on where we see commodity prices moving and if commodity prices remain high, we can easily see the Canadian dollar break 90 cents (U.S.) over the course of this year.
consumer improvement meaningful pace spending sustained
For consumer spending to be sustained at any meaningful pace you need a more substantial improvement in payrolls.
canada forward threat
The No. 1 threat for Canada going forward is the U.S. dollar.
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.
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,