Ted Carmichael Quotes (4 Quotes)

The data point to the dilemma facing the Bank of Canada. Rising economy-wide labor cost pressures are likely to push core inflation above the 2 percent target in the second half of 2006, implying a need for further reduction in monetary stimulus.

Canada does have a big stake and the governor of our central bank should definitely put forward his opinions on these kinds of issues.

The fourth quarter was still an extremely good quarter for employment in Canada. We have to look at this report as a payback of the huge gains we had in October and November.

I think the Bank of Canada sees these manufacturing losses as a smooth and necessary adjustment.