Rick Egelton
Rick Egelton
past quicker
I think the pass-through has been much quicker than it has in the past.
initiative leave room
It (the GST cut) is their big initiative and it doesn't leave them a lot of room to do other things.
careful run
I think they would want to be very careful not to run a deficit. . ,it would look terrible.
although exception expected full major mining next oil ramp rule tilt westward
Next year, the westward tilt is expected to continue, although Newfoundland and Labrador will be the exception to the rule as major developments in the mining and oil sectors ramp up to full production.
consumer growth moderate outside retail sales
Retail sales -- a little disappointing when you look outside autos. All in all, it suggests moderate growth in consumer spending.
declines demand expect fulfilled further interest medium rates rise
We expect further declines in 2006 and subsequent years as pent-up demand is fulfilled and as interest rates rise over the medium term.
alongside economy indeed purchasing
When you take (the report) alongside all the other indicators, particularly the purchasing managers' survey, it confirms the economy is indeed in recovery.