Exports should find further support from the pickup in global economic growth.
More Quotes from Michael Gregory:
I'd thought they wouldn't want to sort of venture there again, given that all is not perfect on the commodity price front,Michael Gregory
Mortgage equity withdrawal (which keys off prices and rates) is going to ebb substantially and pull consumer spending growth down along with it. When it does, the Fed will pause.
Michael Gregory
There is a lot of momentum in this economy. Consumer spending is continuing to march along, business spending is solid and you have a pick up in foreign demand.
Michael Gregory
Do they really want to end the party Of course not, ... They want to tone the party down before something gets broken or damaged, or worse, before someone gets hurt. It's similar to a marathon if you pace yourself properly you can get to the end without overexertion. That is what the Fed is trying to do here.
Michael Gregory
The construction sector continues to be a contributor to Canadian economic growth, which should make the Bank of Canada feel a bit more comfortable about any forthcoming rate hikes.
Michael Gregory
It's not so much GM, but it could have been one of the proverbial straws that broke consumers' backs. All of a sudden people have to pay more for energy, debt service, healthcare, and save more for retirement.
Michael Gregory
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