The message that seeped out was that he does think that they've pretty much done enough to bring the economy in for a soft landing, and that really is an ideal world for equities. While it was disguised, it certainly was a very bullish message for both bonds and stocks.
More Quotes from Doug Porter:
I think you can make a case that it was led by a turnaround by the technology sector in the U.S.,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
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
The interest rate differential continues to attract money to the U.S..
Doug Porter
Canada's trade picture remains very healthy, at least on the surface, thanks to booming commodity prices. The more recent slide in natural gas prices suggests that this may mark the peak for the surplus in this cycle.
Doug Porter
It certainly puts a rosier glow on the growth forecast for the fourth quarter. I was getting ready to revise that one down, because there had been some many weak reports for November. This report saves the day.
Doug Porter
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