David Powell
David Powell
continue dollar fed few focusing funds further gains help last leave market move potential rally rate related weeks
This should help the greenback continue the rally experienced over the last few weeks and leave the market focusing on further dollar gains related to a potential move of the fed funds rate to 5.00 percent.
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.
cash continue december money paper profits turn
They continue to take those paper profits and turn them into cash ... because they have to show real money on December 31.
coming continue countries interest rate sensitive
The U.K. is an eye-grabber. These are petrodollars coming from the OPEC countries through intermediaries in London. Petrodollars continue to be very sensitive to interest rate differentials.
drive growth hit recession seen since slow strategy
The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth.
among heaven known land landed saying students
Lisa was known for saying to her students and to her friends, 'Shoot for the moon. Even if you miss, you'll land among the stars.' And today, she's landed among the stars. She's in heaven with her Father.
aside bank canada focus longer monetary oil overnight policy pushed role statement term
I think overnight there was another focus on the bank of Canada statement and it pushed aside the oil sell-off, as monetary policy is probably going to have a longer term role than oil.
compares course expecting month previous trade weaker
The previous month was huge, so of course we were expecting a weaker number. The important thing is how it compares with the month's trade deficit.
canadian dollar gains last saw
We saw consolidation of the gains in the Canadian dollar from last Friday.
call community conscious help might speak support whereas
We're particularly conscious of the need to help spouses. Usually the diplomats will be able to speak the language, whereas spouses might not. So it can be a very isolating experience. So we do try to give a lot of support through what we call community liaison officers.
changing data outlook
Today's data won't be changing the outlook at all.
account bit current exactly expected grab retail sales
When you take the revisions into account, the retail sales is actually exactly as expected and the current account is actually a little bit better, so there's not too much to grab on to.
dead dollar economic seeing strength terms
We're seeing some last-minute dollar strength, but there's really nothing much to it considering we're completely dead in terms of economic releases.
bit indeed seemed stop
But between Yellen and the minutes, there seemed to be a bit of confirmation that indeed that would stop at 5 percent, and the market's just readjusting that right now.