It's mostly just coming off the back of profit selling, if you like, after a good result yesterday. The down move in the U.S. is basically due to oil.
More Quotes from Mark Chandler:
You have firm inflation. The Bank of Canada has to continue tightening to keep it in check. Clearly it makes 4.25 percent more likely than 4 percent.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
We haven't seen any planting of any note for five years.
Mark Chandler
The (Bank of Canada is) priced for 4 percent and this is consistent with that right now, although they are in data-watching mode.
Mark Chandler
The bank is reasonably comfortable with the notion that the consumer still has pretty good fundamentals.
Mark Chandler
Theres an awful lot of knowledge we can gain from past climates.
Mark Chandler
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