The only complaint about Monday's move is that it was on fairly narrow breadth ... but that shouldn't take away from what's been an entirely impressive run by the TSE, both this month and this year.
More Quotes from Doug Porter:
In fact, over the past week, it was a veritable blood bath for commodity prices.Doug Porter
What the Fed told us today is that the risks are still tilted toward inflation, but they're willing to wait and see if the slowdown is real, ... What matters now is how the data unfolds in the months ahead.
Doug Porter
I don't think the bank has set anything in stone, but it does sound like they've put a ceiling on the rate hikes.
Doug Porter
If the bank does indeed raise rates, they are likely to sound very cautious about future rate moves, with the press release likely to highlight the many risks to the economy.
Doug Porter
Canada's dollar still has a lot of supporters out there. The economy is performing very well and the central bank may go further.
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
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