The Bank of Canada may look closely at this number and sit up and think whether they should go further. There is a probability they may go beyond 4 percent.
More Quotes from Eric Lascelles:
This ... suggests that the bank is well aware that the six consecutive hikes ... have a cumulative impact that has not yet been fully felt.Eric Lascelles
I don't think there has been much of an impact at all from the election because, certainly a minority was expected, a minority was the outcome.
Eric Lascelles
Basically, it's the same underlying picture and certainly supportive of the monetary policy action they've been undertaking.
Eric Lascelles
There are some weak spots in the report and that's what the market is responding to.
Eric Lascelles
Clearly, many of these automakers are encountering pretty substantial troubles and I think it is going to be a tough time for both the workers and the companies going forward - we'll just have to see how rough it is.
Eric Lascelles
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