The main driver of today's action as a whole was not the Canadian inflation report. It was the (net capital flows) data, which served to alleviate fears that the U. S. won't be able to fund its current account deficit.
More Quotes from David Powell:
Ultimately, any loss of child care could potentially be a crisis. We're always seeing a demand for it, especially with the economy being a factor in both parents needing to work.David Powell
That would serve to make the liquidity even thinner. Who knows how many people actually came to work today
David Powell
We saw consolidation of the gains in the Canadian dollar from last Friday.
David Powell
It really got attention in Asia... as a result the dollar has pretty much sold off across the board. We can attribute this dollarCad movement to across-the-board dollar weakness to the Greg Ip article.
David Powell
The irony is while we're driving more productivity and revenue by switching to broadband POS systems, we need to be far more careful about Internet vulnerabilities. It's a whole new ballgame building an IP network for hundreds of stores that needs to function even if a broadband connection is lost, and has to protect private customer and business information, not to mention facilitate the business of managing the entire network.
David Powell
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An interesting thing happened in 1989, right as I was graduating: the stock market crashed and really changed the landscape of the art world in New York. It made the kind of work I was doing interesting to galleries that wouldn't have normally been interested in it.
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It wouldn't sit easily on one's conscience that you had been warned and there could be danger, but nevertheless you went ahead and said let's dispense these drugs.
Thabo Mbeki