Doug Porter
Doug Porter
Douglas "Doug" Porteris a former American football coach. He served as the head coach at Mississippi Valley State University, Howard University, and Fort Valley State University, compiling a career college football record of 115–111–5. He was also an assistant coach at Grambling State University under Eddie Robinson. Porter was inducted into the College Football Hall of Fame in 2008...
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Even though the headline number looked good on the TSE, there is still a slight concern that it's moving forward on vary narrow breadth,
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Personally, I don't trust a lot of the drivers in town, they are crazy and careless, but they've been pretty good so far.
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It was a narrowly based rally, ... A lot of the big winners that had tremendous increases in the past ,just kept rolling along.
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There's been a slight upward revision of expectations for Fed tightening, which would keep the spread between rates locked in. The earlier view was that the spread might narrow.
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There is a bit of risk because it will probably pump up real retail sales ... from all the various tax cuts.
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The recovery in the global financial backdrop is a key part of the outlook for tightening,
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We're a clear-cut loser from the spike we're seeing in energy prices.
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We have a few economic numbers coming up that will probably shed some more light on just how strong the U.S. economy is, ... The perception is that nothing is slowing the economy down yet, especially with the markets going the way they are.
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The only complaint about Monday's move is that it was on fairly narrow breadth ... but that shouldn't take away from what's been an entirely impressive run by the TSE, both this month and this year,
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The overwhelming view is that the bank will continue to raise interest rates, despite the latest strength in the Canadian dollar.
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What has changed in recent weeks is long-term interest rates across the globe are starting to feel the heat from Fed tightening and now from rate hikes from all kinds of quarters, including Japan and Europe which they really hadn't had to deal with before.
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We have seen a string of numbers that suggest the U.S. economy is losing some momentum, which really is a perfect environment because it's not as if growth is grinding to a halt.
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We've seen rising gasoline prices almost without fail for the past five years now and it has made incredibly little impact on other prices,
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The deepening slide in manufacturing is notable, although solid gains in other areas continue to pick up the slack. The moderation in wage growth will be welcome by the Bank of Canada.