30 Quotes by Eric Lascelles

This ... suggests that the bank is well aware that the six consecutive hikes ... have a cumulative impact that has not yet been fully felt.

We did have a weak University of Michigan confidence index ... but on the flip side, you had the producer price index, which came in a little strong.

Most people would argue the Canadian dollar is fairly valued somewhere in the 80-85 U.S. cent range, and we're not far from that. So I suspect the conditions manufacturers are facing right now are perhaps more reflective of the true long-term type of conditions they should expect.

Basically, it's the same underlying picture and certainly supportive of the monetary policy action they've been undertaking.

There is huge strength in employment ? It shows continued strength in the labor market, which supports the Canadian dollar. The Bank of Canada may look closely at this number and sit up and think about whether they should increase interest rates further. There is probability they may go beyond 4 percent.

We've been told before that this is the Bank of Canada's favorite measure. So, the Bank of Canada, without question, is going to sit up quite closely and look at this release.

There are some weak spots in the report and that's what the market is responding to.

Keep in mind that auto shipments and sales tend to be quite volatile. They've been really going up and down pretty wildly over the last few months, and so I'd be hesitant to read too much into any one reading.

It does look like a U.S. dollar story. There doesn't seem to be any obvious fundamental story.