The industrial sector is cruising along at a moderate but not spectacular pace, and that's a good thing at this stage of the expansion.
More Quotes from Douglas Porter:
This points out that the labor market remains as tight as ever.Douglas Porter
I think it will improve liquidity and the attractiveness of owning Canadian financial assets, although I don't see it as a watershed event for Canadian financial markets.
Douglas Porter
While it's a bit of a surprise, the slightly downbeat news on confidence can be explained by the ongoing weakness in employment, and perhaps consumers are a little concerned about the backup in mortgage rates. But while they're becoming less confident, they're still buying -- the latest sales numbers still look good.
Douglas Porter
Given that there are virtually no other signs that Canadian spending suddenly weakened in February, this sharp drop in imports is likely to prove to be a fluke.
Douglas Porter
I suspect there will be enough positive news in other areas to persuade consumers there is a light at the end of the tunnel and that the economy is moving to better times, but it will be a gradual process, and confidence may be flat in the next couple of months.
Douglas Porter
It's a red flag. Any time the nation's largest retailer stumbles a bit, it's a warning sign.
Douglas Porter
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