The impact of an overvalued currency is starting to become more apparent ... the Bank of Canada may have to reconsider its assessment of how much the dollar is acting as a drag.
More Quotes from Andrew Pyle:
It gives us reason to take a closer look at overall manufacturing and business sentiment at the end of the year.Andrew Pyle
It's a wake-up call for the bond market, ... The bond market was nervous to begin with that the goldilocks scenario wasn't panning out, and this report appears to confirms that.
Andrew Pyle
While the recovery above the break-even threshold is a relief, it remains well back of the highs set in the fourth quarter and we would suspect that the appreciation in the Canadian dollar is restraining optimism.
Andrew Pyle
Right now their guidance has been clear... they don't appear overly alarmed by this.
Andrew Pyle
It's almost a naive assumption to make.
Andrew Pyle
It's really a day where you're going to focus on the U.S. economic story. But I think we should see a generally positive run today.
Andrew Pyle
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