At this point, I think most people are just delving back to his time as the provincial finance minister, and focusing on the tax-cut angle, which I think in the long run would be perceived in a fairly positive fashion.
More Quotes from George Davis:
We saw a lot of stoploss orders against the euro get hit today, and as well we saw some profit-taking on long Canada positions against pretty much everything, from sterling, yen, Swiss, to the Australian dollar.George Davis
That seemed to change the texture of the market, given that the accompanying statement from the bank was a little bit more on the hawkish side of expectations,
George Davis
It introduces a little more uncertainty into the marketplace in the sense that most people were expecting some sort of action by the end of December at the latest.
George Davis
There's been a little bit of corporate and cross interest to buy the Canadian dollar, which appears to have had a little bit of an impact, and I think the market was focusing on support that was very close to 1.17 (85.47 U.S. cents).
George Davis
I think we've seen a little bit of a Canadian dollar rally on some of the crosses, so that's been a benefit, and there's been some corporate interest to sell the U.S. dollar (versus Canada) in a fairly thin market.
George Davis
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