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.
More Quotes from Doug Porter:
Monday's 10-year yield is really not out of line with the average rate we've seen in the past six to nine months. The kind of levels where I'd be getting concerned would be from about 4.5 percent and up.Doug Porter
When the strategist at Goldman Sachs reduced her recommended weighting on equities it sent the market into the red right off the bat, and ended up lower pretty much across the board in Canada and the U.S.,
Doug Porter
Manufacturing is just down 0.1 percent in the past year. It shows there's enough strength in other sectors to offset an outright decline in manufacturing, so there's enough room for the Bank of Canada to keep tightening.
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
After about a two-week lull we'll get back to business this week, ... We've had a few signs that the economy is losing some momentum and these reports will help indicate whether that's really the case.
Doug Porter
This was another classic case of Nortel swamping the movement in every other stock.
Doug Porter
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Based on Topics: Environment Quotes, Error & Mistake QuotesWork hard, use your common sense and don't be afraid to trust your instincts.
Fred L. Turner
Oscar Wilde said the rich and the poor are equal - they can both sleep under the bridge. Right? Do they have a right? You're damn right they have a right!
Al Lewis
Did you ever notice that the first piece of luggage on the carousel never belongs to anyone?
Erma Bombeck