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.
More Quotes from Michael Gregory:
All is not quiet on the inflation front. Commodity prices and capacity constraints still pose some inflation risks.Michael Gregory
The Bank of Japan is taking a little step towards trying some remedies, ... now appears to be more conducive to helping them.
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
Despite the fact that energy prices are creeping up and housing continues to crumble, surveys suggest job gains are providing an offset for confidence. The potential is there for consumer spending to remain resilient.
Michael Gregory
That's certainly going to be the critical number. A number indicating employment growth, particularly increases in wages, could prompt the Fed to move by the end of this month.
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
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