23 Quotes by Andrew Pyle
- Author Andrew Pyle
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We are hitting the consumer with headwinds that we have not witnessed on record.
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- Author Andrew Pyle
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May delivered another dose of unexpected strength in Canadian job creation.
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From a sector point of view, there would be very few 'safe' havens on the Canadian equity landscape if this scenario materialized.
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(It) comes down to watching the data, and data reflecting the impact of this move in the currency is not going to come out until we get into the summer.
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I think the biggest risk to Canadian equities (in 2006) is that we see a more aggressive spike higher in the Canadian dollar, which does put pressure on earnings and obviously competitiveness.
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It gives us reason to take a closer look at overall manufacturing and business sentiment at the end of the year.
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I think there's going to be more clarity or more details provided as to costing, what the actual costs will be.
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I think there are going to be easier things for them to put through before they go for that.
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We can attribute some of last month's decline to the rise in the Canadian dollar and increased concern among companies as to the impact this will have on export penetration and earnings, but at the end of the day the Ivey has never been a valued directional indicator because of its volatility and desks may partially dismiss the decline as a result.
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