David Powell Canadian Quotations

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.

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

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.

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 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.