This ... suggests that the bank is well aware that the six consecutive hikes ... have a cumulative impact that has not yet been fully felt.
More Quotes from 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
There are some weak spots in the report and that's what the market is responding to.
Eric Lascelles
We certainly do think there are another two (rate hikes) left in the Bank of Canada before they tag out.
Eric Lascelles
Keep in mind that auto shipments and sales tend to be quite volatile. They've been really going up and down pretty wildly over the last few months, and so I'd be hesitant to read too much into any one reading.
Eric Lascelles
The most notable (change) is the insertion of the word 'modest.' And that's been interpreted in a dovish fashion.
Eric Lascelles
Basically, it's the same underlying picture and certainly supportive of the monetary policy action they've been undertaking.
Eric Lascelles
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Let your children go if you want to keep them.
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I'd rather be a could-be if I cannot be an are; because a could-be is a maybe who is reaching for a star. I'd rather be a has-been than a might-have-been, by far; for a might have-been has never been, but a has was once an are.
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