48 Quotes by Doug Porter

The only complaint about Monday's move is that it was on fairly narrow breadth ... but that shouldn't take away from what's been an entirely impressive run by the TSE, both this month and this year,

What has changed in recent weeks is long-term interest rates across the globe are starting to feel the heat from Fed tightening and now from rate hikes from all kinds of quarters, including Japan and Europe which they really hadn't had to deal with before.

We have seen a string of numbers that suggest the U.S. economy is losing some momentum, which really is a perfect environment because it's not as if growth is grinding to a halt.

We're a clear-cut loser from the spike we're seeing in energy prices.

We've seen rising gasoline prices almost without fail for the past five years now and it has made incredibly little impact on other prices,

Simply put, Canada's balance of payments remains exceptionally strong. It is very tough to make the case that the Canadian dollar is wildly overvalued when the country continues to chalk up solid current account surpluses and net inflows in foreign direct investment.

Obviously, consumers just ignored all the dire warnings and kept on spending.

If the bank does indeed raise rates, they are likely to sound very cautious about future rate moves, with the press release likely to highlight the many risks to the economy.

The overwhelming view is that the bank will continue to raise interest rates, despite the latest strength in the Canadian dollar.