This week was a bad one for energy prices, in particular natural gas prices, which were down 15 percent. There was no question of those eventually weighing on the currency. |
Two-year bonds don't offer too much value as the central bank may continue to raise interest rates. The economy in general is doing very well. |
Usually Canadian data doesn't mean that much but we were so close to testing the previous (dollar/Canada) lows that when we got better productivity numbers it gave the market a push. |
We got a bit of an upward push because of the weakness in equities, a bit of reversal from what we saw yesterday. |
We haven't seen any planting of any note for five years. |
What it comes down to (is that) Lachapelle was lights out. He was the man. |
You have firm inflation. The Bank of Canada has to continue tightening to keep it in check. Clearly it makes 4.25 percent more likely than 4 percent. |