In Canada we're going to see a fairly good growth number in Q4, 2.7 per cent below Q3's 3.6 (per cent).
More Quotes from David Watt:
Ontario is saying 'look, this program is already sort of hurting us. We didn't mind for the longest time because we could easily afford it. Now it's starting to pinch.David Watt
We think that's just going to be a short-term story. Evidence will come out that the Bank of Canada has more than enough reason to continue raising interest rates.
David Watt
We're just getting energy prices going through the roof. The longer period of time (consumers) have these elevated prices, the more it starts to weigh on sentiment. People have held on pretty well but the longer this remains the more risky it becomes.
David Watt
The Canadian dollar is getting less support from crude oil. The currency has been considered a petro currency, so if gains in crude oil prices stall, it weighs on the Canadian dollar.
David Watt
It doesn't look like the spread will narrow any time soon. There is no reason to get terribly enthusiastic on the Canadian dollar right now.
David Watt
They've got to get spending under control and it's not a very palatable thing, either, to say you're going to cut spending on health care or education.
David Watt
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