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.
More Quotes from Mark Chandler:
The Bank of Canada may raise the rate to 4 percent and pause. Initial reaction is a weaker Canadian dollar.Mark Chandler
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.
Mark Chandler
Usually Canadian data doesn't mean that much but we were so close to testing the previous (dollarCanada) lows that when we got better productivity numbers it gave the market a push.
Mark Chandler
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.
Mark Chandler
The economy is firmly in expansion mode so the Bank of Canada will take rates higher. Higher short-term rates will push up yields.
Mark Chandler
Forty percent of all California zinfandel comes from Lodi.
Mark Chandler
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