Stewart Hall
Stewart Hall
currency market respond tends
The currency market tends to respond to the number.
bank canadian cap central dollar logical putting response statement
The statement indicates the central bank is putting a cap on its rate-hike cycle. There is a logical response for the Canadian dollar to weaken.
affecting attention canadian drawing economy fabric investor midst possibly potential resource trade unwanted
The idea in the marketplace that (the Canadian dollar) is a one-way trade is possibly drawing unwanted investor attention with potential implications affecting the fabric of an economy in the midst of a resource reallocation process.
arguably canadian carrying concerned currency dollar financial hot level maintain market money moving perhaps trying
Arguably they're trying to maintain a level of uncertainty ... that perhaps they're concerned about financial flows, hot money flows, moving into the currency market and carrying the Canadian dollar higher.
adversity annual facing numbers remain report seems underneath
There is a better story underneath the report than is indicated by the headline. There seems to be a lot of adversity facing Canada, yet the annual GDP numbers remain very stable.
bank canada continue economy full prefer raise
We've got the economy at full capacity. I prefer to see the Bank of Canada continue to raise rates.
additional bank canada close economy fiscal flow full interested stimulus
With the economy close to full capacity, the Bank of Canada should be interested in offsetting any additional fiscal stimulus that may flow from an election-style budget.
onto people targeting
You got a lot of people targeting 1.12. People are hopping onto the train.
amount canadian chairs decent deck experience minority pushed seriously
We've already had a decent amount of experience with a Canadian minority government. While the deck chairs may have been pushed around a lot, do the fundamentals really seriously change?
conclusion largely mind tomorrow
Tomorrow is largely a foregone conclusion in the mind of the market.