David Powell
David Powell
adjust appreciation canadian concerned dollar economy feeling focal less mention point statement stronger time year
My feeling is that while there may be a mention of (a stronger Canadian dollar), it's not going to be a focal point of the statement because they are less concerned now about Canadian dollar appreciation than they were a year ago. The economy has had time to adjust and get used to a stronger Canadian dollar.
aggressive feeling forward given monetary moving nature policy
My feeling is that it's going to hint at much more aggressive monetary policy moving forward given the hawkish nature of Tuesday's statement.
allow anybody asking budgetary complain dilemma folks impossible maintain meet morale nor office pay people qualified risks run somebody staff support sustain talking tried trying understand worry year
I understand the dilemma and the risks I'm asking you to take. I'm asking you to support me and to allow me to run this office for one year the way I can maintain morale and keep two qualified people working. I can do that and meet your budgetary requirements, ... I can never do that and keep the courthouse happy. I don't try to do that. I've not tried that for 20 years. That's going to be impossible for me to do. I don't worry about anybody but my staff nor do I come in here and complain about what somebody else is getting. If you want to pay the folks in the clerk's office $60,000, I don't care. I'm talking about one person here and trying to sustain it for one year.
capacity definitely further hikes implies monetary policy rate
The wording was that monetary policy is still stimulative, which implies further rate hikes down the line. And this morning, when capacity utilization was released, that definitely augured well for another rate hike.
hikes hints
These are the first hints that the end of the hikes may be coming.
disregard effect looks market
One can't disregard the short-term effect of market psychology, and it looks like that's what was going on here today.
both care child crisis demand economy factor loss needing parents seeing
Ultimately, any loss of child care could potentially be a crisis. We're always seeing a demand for it, especially with the economy being a factor in both parents needing to work.
attention attract balance dollars forecast given healthy imagine larger less market risks short skewed tends towards trade
Canada's trade balance tends to attract less attention given that it's in pretty healthy shape. But going into the (U.S.) trade balance, I imagine the market is positioned short dollars because it's forecast to widen. Risks are skewed towards a larger deficit.
canadian direct higher impact katrina perhaps refer terms
I don't think they'll refer to Katrina in terms of its direct impact on the Canadian economy, but perhaps its impact on higher oil,
actual basis expected further hike indication people points statement
It's pretty much universally expected they'll hike 25 basis points but I think what will be more important is the actual wording of the statement where people will look for further indication of further hikes.
across attention attribute dollar movement result sold weakness
It really got attention in Asia...as a result the dollar has pretty much sold off across the board. We can attribute this dollar/Cad movement to across-the-board dollar weakness to the Greg Ip article.
based best earn four man results understood
It is understood that the highest-ranked man and woman, based on his or her four best results over a two-year period, will each earn a six-figure jackpot.
gets speed
Once Darrius gets in the open, he's got the speed to take it to the end zone,
across canadian continues dollar ground looks lose pressured remaining versus
It looks like another day of (the U.S. dollar versus the Canadian dollar) remaining pressured as the U.S. dollar continues to lose ground across the board.