With the economy close to full capacity, the Bank of Canada should be interested in offsetting any additional fiscal stimulus that may flow from an election-style budget.
More Quotes from Stewart Hall:
The statement indicates the central bank is putting a cap on its rate-hike cycle. There is a logical response for the Canadian dollar to weaken.Stewart Hall
The currency market tends to respond to the number.
Stewart Hall
There's been a disconnect with the market having been too caught up with Fed language from Nov. 1, and missing the body of data that's come out since then.
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There is a better story underneath the report than is indicated by the headline. There seems to be a lot of adversity facing Canada, yet the annual GDP numbers remain very stable.
Stewart Hall
Tomorrow is largely a foregone conclusion in the mind of the market.
Stewart Hall
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