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.
More Quotes from Carolyn Kwan:
We've had quite a significant appreciation this week, and I think this is sort of a holding pattern before we get the Bank of Canada next week.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
Today's number might represent some upside risk to that.
Carolyn Kwan
Everything this week is going to be hinging on the Bank of Canada early on -- there are also some important data points which should be supportive overall -- but the question really is the statement.
Carolyn Kwan
The business conditions survey is going to take center stage for Canada, maybe in particular because the Canadian dollar seems to be playing an important role in the Bank of Canada's thinking now.
Carolyn Kwan
The Bank of Canada has talked about the risks to 2007 on the downside. We would see the Canadian dollar weakening.
Carolyn Kwan
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