In our view, there is still is every reason for the Bank of Canada to continue to nudge its rate higher, and we are not changing our call for a four per cent (overnight) rate by April.
More Quotes from Marc Levesque:
This morning's merchandise trade report certainly came as a shocker, but this is one case where the headline looks much worse than the details of the data.Marc Levesque
The strength of today's report certainly will not be lost on the Bank of Canada ... as a result, we still believe the odds favor another rate hike from the bank in April.
Marc Levesque
There's little market reaction I think for two things. First, the strength was anticipated to some extent. Second, the market is very tightly focused on what the Bank of Canada is doing this afternoon.
Marc Levesque
You should see Canada's 10-year bonds rally in the second half of this year. I don't see a big appetite on the part of the Bank of Canada to hike interest rates as the economy slows. There is no compelling reason to go beyond 4 percent.
Marc Levesque
This report paints a picture very similar to the fall survey and shows an economy practically at full capacity.
Marc Levesque
Aside from a few small snippets, Mr. Dodge could have transmitted exactly the same message by stating that 'nothing of substance has changed since the (Monetary Policy Report) Update', and leaving it at that.
Marc Levesque
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After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.
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