And as result of that, we're seeing more people exit long U.S. dollar positions that had been built up during 2005. |
As far as the recreation department, he's been suspended for a year. It's in our recreation department rules that (there's) no physical contact on umpires or even verbal. |
At this point, I think most people are just delving back to his time as the provincial finance minister, and focusing on the tax-cut angle, which I think in the long run would be perceived in a fairly positive fashion. |
Chicago PMI came out stronger than expected and we also saw the prices paid index rise, |
Chicago PMI came out stronger than expected and we also saw the prices paid index rise. |
Existing home sales were stronger than expected and that is providing an offset. |
I think in general what we have seen is a little bit of profit-taking, |
I think in terms of tone it was a little more dovish than what the market was expecting. |
I think it's more of a short-term thing. I don't think it is something that really indicates that the dollar has reached a peak and it's about to depreciate significantly. |
I think the question on most people's minds is what are they going to do to be able to maintain the surplus and not overspend so that we move back into a deficit situation. |
I think the tax cuts were too big, and I am worried about the deficit. You have to pay it back at some point. |
I think there's a little bit of concern that we might see oil prices back up above $70 and as a result of that, I think there is a little bit of a positive spin for the Canadian dollar. |
I think we've seen a little bit of a Canadian dollar rally on some of the crosses, so that's been a benefit, and there's been some corporate interest to sell the U.S. dollar (versus Canada) in a fairly thin market. |
If we continue to see the Conservatives widen their lead over the Liberals in the polls, what we'll see as an initial market reaction will be a rally in the Canadian dollar. |
In terms of correlations, natural gas has tended to have the highest correlation with the Canadian dollar over the last year or so. |