Basically, it's the same underlying picture and certainly supportive of the monetary policy action they've been undertaking.
More Quotes from Eric Lascelles:
This ... suggests that the bank is well aware that the six consecutive hikes ... have a cumulative impact that has not yet been fully felt.Eric Lascelles
I don't think there has been much of an impact at all from the election because, certainly a minority was expected, a minority was the outcome.
Eric Lascelles
Today's report poured some further cold water on the outlook for the Canadian manufacturing sector, not that it needed any cooling off to begin with.
Eric Lascelles
There's no question manufacturers are paying the piper in some sense, in that they did get away with a lot over the 1990s when the Canadian dollar was weak.
Eric Lascelles
The manufacturing sector continued to struggle. And in light of the sour business conditions survey ... that trend appears likely to continue.
Eric Lascelles
Inflation isn't out of hand anyway in Canada. The market may think the Bank of Canada will move less aggressively. It will be a surprise if the bank moves beyond 4 percent.
Eric Lascelles
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