The overall tone of the report is pretty mediocre at this point.
More Quotes from Carolyn Kwan:
It is likely that the level of starts in both months was helped by milder than normal weather (the previous month, for example, was the strongest level of starts since January 1987), though they still represent strong underlying demand.Carolyn Kwan
Basically whatever high level of investment there last year, there will be even more this year. But we have some good gains in other areas too.
Carolyn Kwan
This is a supportive report for Bank of Canada's 'modest' rate hike plans -- good growth, but lower imported costs.
Carolyn Kwan
The main factor behind the Canadian dollar appreciation is likely the expectation of tomorrow's Bank of Canada statement accompanying the widely expected hike.
Carolyn Kwan
The jobs number was a blowout. It was strong across the board.
Carolyn Kwan
Today's number might represent some upside risk to that.
Carolyn Kwan
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