Given the fact that core was as expected and remained unchanged on a year on year basis, I don't think it will really change the Bank of Canada's decisions much.
More Quotes from Mark Chandler:
If you look across all markets, there seems to be a common theme of reduction of risk.Mark Chandler
The bank is reasonably comfortable with the notion that the consumer still has pretty good fundamentals.
Mark Chandler
Two-year bonds don't offer too much value as the central bank may continue to raise interest rates. The economy in general is doing very well.
Mark Chandler
In all, the good news for the fourth quarter on external balances should be well-received and underpin the Canadian dollar.
Mark Chandler
They'll be looking at other stats going forward. On average, the fourth quarter was a good quarter for employment. I don't think they're viewing that as a serious concern here.
Mark Chandler
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