The weakness in the Canadian dollar is essentially a follow-through from yesterday's Fed rate decision that has the market anticipating at least one more hike.
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
As a result, net exports contributed positively to the accounting of GDP growth in November.
Marc Levesque
The data aren't providing any reason for the Bank of Canada to pause. The risks are on the upside for rate increases. Investors are going to sell bonds.
Marc Levesque
This report paints a picture very similar to the fall survey and shows an economy practically at full capacity.
Marc Levesque
So exports actually contributed to net GDP growth in November.
Marc Levesque
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