David Powell
David Powell
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.
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.
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.
below course fact less monetary reflection somewhat statement sure traders trouble
You can see that dollar/Canada's had trouble going below C$1.15. I think that's a reflection of the fact that the statement was somewhat less hawkish, and traders are less sure about the course of monetary tightening in Canada.
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.
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.
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.