Marc Levesque
Marc Levesque
commodity partly price
This may be partly a commodity price story.
appetite bank beyond bonds canada compelling economy half hike interest rally rates reason second
You should see Canada's 10-year bonds rally in the second half of this year. I don't see a big appetite on the part of the Bank of Canada to hike interest rates as the economy slows. There is no compelling reason to go beyond 4 percent.
job tale
This is really a tale of two job markets.
battery hikes himself rate sees suggesting surprised time
That's not suggesting to me that he sees himself with having a whole battery of rate hikes going forward. I would not be surprised at all to see them go one more time and then pause.
accounting exports growth net positively
As a result, net exports contributed positively to the accounting of GDP growth in November.
canadian decision dollar fed market rate weakness
The weakness in the Canadian dollar is essentially a follow-through from yesterday's Fed rate decision that has the market anticipating at least one more hike.
basically goes steady
This basically confirms their story, so steady as she goes on that front.
bank call canada cent changing continue four per rate reason
In our view, there is still is every reason for the Bank of Canada to continue to nudge its rate higher, and we are not changing our call for a four per cent (overnight) rate by April.
case commit doors future hikes leaving rate start
I don't think they want to commit to any future rate hikes in case things start to sour. They're just leaving all the doors open.
afford bank canada cannot check complacent horizon inflation month overnight peak rate time wants
The Bank of Canada cannot afford to be complacent if it wants to keep inflation in check over its 18-24 month time horizon ... Look for the overnight rate to peak at 4 percent.
exports growth net
So exports actually contributed to net GDP growth in November.
increases market price rate starting
The market is starting to price out some of the rate increases that have been priced in.
consumers means obviously spending squeeze
It'll be a pretty big increase. It means a lot for consumers and their pocketbooks, obviously - it's going to squeeze their spending power.