The previous month was huge, so of course we were expecting a weaker number. The important thing is how it compares with the month's trade deficit.
More Quotes from David Powell:
We're particularly conscious of the need to help spouses. Usually the diplomats will be able to speak the language, whereas spouses might not. So it can be a very isolating experience. So we do try to give a lot of support through what we call community liaison officers.David Powell
The wording was that monetary policy is still stimulative, which implies further rate hikes down the line. And this morning, when capacity utilization was released, that definitely augured well for another rate hike.
David Powell
The difference is when you pick the grapes and how you blend. If the fruit can carry the alcohol, the wine is balanced.
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
Canada's trade balance tends to attract less attention given that it's in pretty healthy shape. But going into the (U. S.) trade balance, I imagine the market is positioned short dollars because it's forecast to widen. Risks are skewed towards a larger deficit.
David Powell
One can't disregard the short-term effect of market psychology, and it looks like that's what was going on here today.
David Powell
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