Personally, I don't trust a lot of the drivers in town, they are crazy and careless, but they've been pretty good so far.
More Quotes from Doug Porter:
The interest rate differential continues to attract money to the U.S..Doug Porter
Simply put, Canada's balance of payments remains exceptionally strong. It is very tough to make the case that the Canadian dollar is wildly overvalued when the country continues to chalk up solid current account surpluses and net inflows in foreign direct investment.
Doug Porter
There's been a slight upward revision of expectations for Fed tightening, which would keep the spread between rates locked in. The earlier view was that the spread might narrow.
Doug Porter
You had the oil and energy complex dropping on a day when energy prices have rebounded and look to be strengthening and it looks like oil prices are headed back above 29. And financials were weak even though the bond market was surprisingly quite strong both in Canada and the U.S.
Doug Porter
As often noted, starts are as much a weather report as an economic report at this time of the year.
Doug Porter
(On Wednesday) it was oil and gas and on Thursday it's paper and forest products and gold, which is a name you don't hear too often on the winning side.
Doug Porter
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