We saw consolidation of the gains in the Canadian dollar from last Friday.
More Quotes from David Powell:
You can see that dollarCanada's had trouble going below C1.15. I think that's a reflection of the fact that the statement was somewhat less hawkish, and traders are less sure about the course of monetary tightening in Canada.David Powell
This should help the greenback continue the rally experienced over the last few weeks and leave the market focusing on further dollar gains related to a potential move of the fed funds rate to 5.00 percent.
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
I think overnight there was another focus on the bank of Canada statement and it pushed aside the oil sell-off, as monetary policy is probably going to have a longer term role than oil.
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
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.
David Powell
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