Beneath this calm surface, the economy is churning mightily below, with wide divergence among sectors.
More Quotes from Doug Porter:
In this environment, the Bank of Canada has very little room for error, and cannot be overly focused on a single sector of the economy, no matter how weak.Doug Porter
So when all is said and done, there was a lot more said than done on the inflation front.
Doug Porter
No real common thread on the equity story. I guess one area of strength was in the financial sector. Partly, that was due to the rebound in bond prices.
Doug Porter
Both of today's reports were mildly dovish but the bigger picture suggests the Bank of Canada has some work to do on the tightening front.
Doug Porter
I think you can definitely make a case that this is as much a U. S. dollar strength story as a euro weakness story, ... We also think the U. S. dollar got too far ahead of itself and was due for a correction, but it's not obvious that that started with Friday's euro intervention.
Doug Porter
The continued moderation in inflation has pushed down yields. The Bank of Canada doesn't sound overly concerned about inflation.
Doug Porter
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Eric Holder
I've been a strong financial and political supporter of, first, President Bush Sr. when he was running for president, and even when he ran for president a time or two and failed.
Kenneth Lay
The music industry over there seems to treat America like it's one territory even though they got offices in different parts of America - they're still quite sort of 'America is the territory.'
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