44 ordspråk av David Powell

David Powell

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We saw consolidation of the gains in the Canadian dollar from last Friday.

It really got attention in Asia...as a result the dollar has pretty much sold off across the board. We can attribute this dollar/Cad movement to across-the-board dollar weakness to the Greg Ip article.

It looks like another day of (the U.S. dollar versus the Canadian dollar) remaining pressured as the U.S. dollar continues to lose ground across the board.

But between Yellen and the minutes, there seemed to be a bit of confirmation that indeed that would stop at 5 percent, and the market's just readjusting that right now.

I think overnight there was another focus on the bank of Canada statement and it pushed aside the oil sell-off, as monetary policy is probably going to have a longer term role than oil.

The wording was that monetary policy is still stimulative, which implies further rate hikes down the line. And this morning, when capacity utilization was released, that definitely augured well for another rate hike.

It's pretty much universally expected they'll hike 25 basis points but I think what will be more important is the actual wording of the statement where people will look for further indication of further hikes.

I understand the dilemma and the risks I'm asking you to take. I'm asking you to support me and to allow me to run this office for one year the way I can maintain morale and keep two qualified people working. I can do that and meet your budgetary requirements, ... I can never do that and keep the courthouse happy. I don't try to do that. I've not tried that for 20 years. That's going to be impossible for me to do. I don't worry about anybody but my staff nor do I come in here and complain about what somebody else is getting. If you want to pay the folks in the clerk's office $60,000, I don't care. I'm talking about one person here and trying to sustain it for one year.

I don't think they'll refer to Katrina in terms of its
direct impact on the Canadian economy, but perhaps its impact
on higher oil,

My feeling is that while there may be a mention of (a
stronger Canadian dollar), it's not going to be a focal point
of the statement because they are less concerned now about
Canadian dollar appreciation than they were a year ago. The
economy has had time to adjust and get used to a stronger
Canadian dollar.

Once Darrius gets in the open, he's got the speed to take it to the end zone,

We're particularly conscious of the need to help spouses. Usually the diplomats will be able to speak the language, whereas spouses might not. So it can be a very isolating experience. So we do try to give a lot of support through what we call community liaison officers.

Marcus came in and made some big-time throws for us at the right time,

We had to go to our passing game tonight. They did a great job of shutting our running game down.

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