And I think a lot of it flows from a combination of very positive Canadian economic data on Thursday, as well as more signs out of the U.S. that the U.S. economy is cooling to a sustainable pace and that the (Federal Reserve) will be on hold for some time.
More Quotes from Doug Porter:
The market is basically waiting for signs that the slowdown is for real or not, and if there is a slowdown, just how deep is itDoug Porter
Part of the story here is the growing view among nonresident investors of the bargains to be had in Canada. There are any number of U.S. or foreign publications that are highlighting the Canadian market and how well it's performing, and to some extent it becomes a self-fulfilling prophecy,
Doug Porter
Even though we're at a record level, I don't detect any form of euphoria among commentators or investors. There certainly still seems to be quite a bit of caution and not too many people are getting carried away with this strength.
Doug Porter
On balance, this is a positive for the Canadian economy when those prices are strong.
Doug Porter
The motorcycle spaces are in odd spots of the parking lots, usually in the corners perpendicular to the car spaces. This is the perfect spot for them. People would just as soon not park in a car space because their motorcycle might get hit by a car, they would prefer their own spot.
Doug Porter
That he says 'the downside risks predominate,' however, suggests we can expect further interest-rate cuts over the course of the spring. I would expect a 50 basis point (half-percentage point) cut at the next meeting.
Doug Porter
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