What's interesting is that there's a real split between present expectations and the future. Consumers still view their present situation as exceptionally good, but there does seem to be a little bit of trepidation about the outlook going forward.
More Quotes from Doug Porter:
Right now there's concern again reemerging in the market that the Fed (U.S. Federal Reserve) is going to become more aggressive,Doug Porter
This is a real story of a split market ... some of the tech stocks have been weak for most of the day, but generally most of the market has fared quite well.
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
The overwhelming view is that the bank will continue to raise interest rates, despite the latest strength in the Canadian dollar.
Doug Porter
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