I think the next interest rate increase is pretty much anticipated. We (forecast) another interest rate increase coming right after that as well, we think this is pretty supportive of that.
More Quotes from Carolyn Kwan:
The strength in this component, which includes apparel and home entertainment goods, bodes well for Christmas retail sales.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
The overall tone of the report is pretty mediocre at this point.
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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