Andrew Pyle
Andrew Pyle
acting apparent assessment bank canada currency dollar impact starting
The impact of an overvalued currency is starting to become more apparent ... the Bank of Canada may have to reconsider its assessment of how much the dollar is acting as a drag.
currency data impact move reflecting until watching
(It) comes down to watching the data, and data reflecting the impact of this move in the currency is not going to come out until we get into the summer.
aggressive biggest canadian earnings higher obviously pressure risk spike
I think the biggest risk to Canadian equities (in 2006) is that we see a more aggressive spike higher in the Canadian dollar, which does put pressure on earnings and obviously competitiveness.
appears begin bond call market nervous report scenario
It's a wake-up call for the bond market, ... The bond market was nervous to begin with that the goldilocks scenario wasn't panning out, and this report appears to confirms that.
bit breath closing crash eyes giant happened holding industrial similar waiting wave
It's a bit like closing your eyes and holding your breath waiting for a giant wave to crash down -- only to find that the wave has disappeared. There's a very similar correlation between what's going on now and what happened during the industrial revolution.
economic focus generally positive run
It's really a day where you're going to focus on the U.S. economic story. But I think we should see a generally positive run today.
begin dancing high lights party people realize realized school turned
It was like someone turned on the lights at the high school dance. Not only did people begin to realize that the party was over, they also realized that they didn't really know who they had been dancing with.
again bank raise rates reason
Why should the bank raise rates again in March? There's no reason.
against alone argument bank canada core couple further hike months next prevent report strong trend turned
While the report alone is not going to be enough to prevent a 25 basis-point hike by the Bank of Canada next Tuesday, if the core trend is not turned around in the first couple of months of the new year, there will be a strong argument against further tightening.