The (Bank of Canada is) priced for 4 percent and this is consistent with that right now, although they are in data-watching mode. |
The bank is reasonably comfortable with the notion that the consumer still has pretty good fundamentals. |
The Bank of Canada may raise the rate to 4 percent and pause. Initial reaction is a weaker Canadian dollar. |
The Bank of Canada still has a constructive view on economic growth. They may be likely to raise interest rates more. |
The Canadian dollar still gets support from oil prices. There is still room for the currency to improve. |
The economy is firmly in expansion mode so the Bank of Canada will take rates higher. Higher short-term rates will push up yields. |
The most remarkable thing about Canadian growth is that it has been so stable given the degree of 'moving parts' like record currency strength, volatile energy prices, weather fluctuations, etcetera. |
The only thing that is going on right now, and will be going on until Dodge speaks again, is the budgets. |
The simple fact that the trade sector has ceased to be a significant drag on growth will be enough to convince the Bank of Canada to move on September 7 (and beyond). |
The statement may be changed to suggest, because of a high degree of uncertainty, that they'll just wait and see how the data unfolds. |
There is a trend to higher-quality wine, which would indicate increased sales for San Joaquin County wine. We don't participate in the jug-wine market. |
There may be a couple of surprises in the budget but for the most part I think they are going to play it reasonably safe and not fool with expectations too much. And if that's the case, then the market movement shouldn't be large. |
There?s an awful lot of knowledge we can gain from past climates. |
They have to look at this as one area where there are capacity constraints. |
They'll be looking at other stats going forward. On average, the fourth quarter was a good quarter for employment. I don't think they're viewing that as a serious concern here. |