21 Quotes by Avery Shenfeld

Today's statement ups the odds that the Bank of Canada will be back again with a 25 bp (basis point) 'Christmas present' in December.

These confidence surveys are reflecting what people are reading -- that the economy is not creating jobs. It doesn't mean that people are not spending.

August's 169,000 jobs gain, coupled with a 44,000 upward revision to the prior two months, left payroll employment just about where the market expected.

It's oil and natural gas prices that move the hearts and minds of those following the Canadian dollar these days.

The Bank of Canada remains on the warpath against inflation in an economy where recent job and production gains are, in its view, too much of a good thing.

The warning bells are starting to ring, that the drag on manufacturing from the Canadian dollar . . . is starting to show through, now that the U.S. economy is starting to slow.

In Canada, CPI inflation will be everywhere in energy, and nowhere in anything else, mirroring what we saw in the U.S. figures for September.

If markets felt the Bank of Canada was going to press on with rate hikes after the Fed stopped, that could fuel an overheated Canadian dollar, providing too much of a braking force on exports.

I place more emphasis on jobs numbers than on confidence surveys in estimating consumers' attitudes. And that has not looked promising.