There really can be little debate now that Western Canada is already experiencing the closest thing to full employment in over three decades, with the jobless rate west of Ontario just barely above four per cent.
More Quotes from 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
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
At least one spooky theme behind these moves has been mounting concern that the latest spike in energy prices will cascade into other costs and prices, drive up inflation expectations and force the Fed to be even more fearsome than expected in its tightening campaign,
Douglas Porter
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.
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
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