David Powell Quotations

When you take the revisions into account, the retail sales is actually exactly as expected and the current account is actually a little bit better, so there's not too much to grab on to.

Ultimately, any loss of child care could potentially be a crisis. We're always seeing a demand for it, especially with the economy being a factor in both parents needing to work.

We're seeing some last-minute dollar strength, but there's really nothing much to it considering we're completely dead in terms of economic releases.

My feeling is that while there may be a mention of (a stronger Canadian dollar), it's not going to be a focal point of the statement because they are less concerned now about Canadian dollar appreciation than they were a year ago. The economy has had time to adjust and get used to a stronger Canadian dollar.

My feeling is that it's going to hint at much more aggressive monetary policy moving forward given the hawkish nature of Tuesday's statement.

Peter Lehmann saved the growers, and Robert O'Callaghan stood in front of the bulldozers waiting to pull out the old vines. To keep the growers in business, Lehmann bought their fruit, made it into wine, and told the growers they would be paid when the wines were sold. It might have taken him three years, but the growers got paid.

But between Yellen and the minutes, there seemed to be a bit of confirmation that indeed that would stop at 5 percent, and the market's just readjusting that right now.

I think it was a day of market psychology taking over and looking at those crude prices, because there was nothing else to pay attention to.

Marcus came in and made some big-time throws for us at the right time,

Lisa was known for saying to her students and to her friends, 'Shoot for the moon. Even if you miss, you'll land among the stars.' And today, she's landed among the stars. She's in heaven with her Father.

I think overnight there was another focus on the bank of Canada statement and it pushed aside the oil sell-off, as monetary policy is probably going to have a longer term role than oil.

That would serve to make the liquidity even thinner. Who knows how many people actually came to work today?

The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth.

Today's data won't be changing the outlook at all.

We saw consolidation of the gains in the Canadian dollar from last Friday.

We're particularly conscious of the need to help spouses. Usually the diplomats will be able to speak the language, whereas spouses might not. So it can be a very isolating experience. So we do try to give a lot of support through what we call community liaison officers.

This should help the greenback continue the rally experienced over the last few weeks and leave the market focusing on further dollar gains related to a potential move of the fed funds rate to 5.00 percent.

The previous month was huge, so of course we were expecting a weaker number. The important thing is how it compares with the month's trade deficit.

We've had a bit of range-trading. I think traders have been a bit wary about taking positions on dollar/Canada today.

We had to go to our passing game tonight. They did a great job of shutting our running game down.

I understand the dilemma and the risks I'm asking you to take. I'm asking you to support me and to allow me to run this office for one year the way I can maintain morale and keep two qualified people working. I can do that and meet your budgetary requirements, ... I can never do that and keep the courthouse happy. I don't try to do that. I've not tried that for 20 years. That's going to be impossible for me to do. I don't worry about anybody but my staff nor do I come in here and complain about what somebody else is getting. If you want to pay the folks in the clerk's office $60,000, I don't care. I'm talking about one person here and trying to sustain it for one year.

The wording was that monetary policy is still stimulative, which implies further rate hikes down the line. And this morning, when capacity utilization was released, that definitely augured well for another rate hike.

These are the first hints that the end of the hikes may be coming.

One can't disregard the short-term effect of market psychology, and it looks like that's what was going on here today.

It really got attention in Asia...as a result the dollar has pretty much sold off across the board. We can attribute this dollar/Cad movement to across-the-board dollar weakness to the Greg Ip article.

It is understood that the highest-ranked man and woman, based on his or her four best results over a two-year period, will each earn a six-figure jackpot.

It looks like another day of (the U.S. dollar versus the Canadian dollar) remaining pressured as the U.S. dollar continues to lose ground across the board.

It's pretty much universally expected they'll hike 25 basis points but I think what will be more important is the actual wording of the statement where people will look for further indication of further hikes.

They continue to take those paper profits and turn them into cash ... because they have to show real money on December 31.

Once Darrius gets in the open, he's got the speed to take it to the end zone,

The irony is while we're driving more productivity and revenue by switching to broadband POS systems, we need to be far more careful about Internet vulnerabilities. It's a whole new ballgame building an IP network for hundreds of stores that needs to function even if a broadband connection is lost, and has to protect private customer and business information, not to mention facilitate the business of managing the entire network.

The consumer is still alive and well despite softening of the housing market.

If you look at the chart, C$1.17 has been a difficult level to break for a while.

Canada's trade balance tends to attract less attention given that it's in pretty healthy shape. But going into the (U.S.) trade balance, I imagine the market is positioned short dollars because it's forecast to widen. Risks are skewed towards a larger deficit.

I don't think they'll refer to Katrina in terms of its direct impact on the Canadian economy, but perhaps its impact on higher oil,

The U.K. is an eye-grabber. These are petrodollars coming from the OPEC countries through intermediaries in London. Petrodollars continue to be very sensitive to interest rate differentials.

You can see that dollar/Canada's had trouble going below C$1.15. I think that's a reflection of the fact that the statement was somewhat less hawkish, and traders are less sure about the course of monetary tightening in Canada.

An announcement of a merger or acquisition can definitely lend short-term support.

The market remains very bullish on the Canadian dollar and is happy to buy it when they have a reason to, but they don't really want to sell it, despite what they're being told by the market.

The main driver of today's action as a whole was not the Canadian inflation report. It was the (net capital flows) data, which served to alleviate fears that the U.S. won't be able to fund its current account deficit.