Marc Levesque Market Quotations

The market is starting to price out some of the rate increases that have been priced in.

There's little market reaction I think for two things. First, the strength was anticipated to some extent. Second, the market is very tightly focused on what the Bank of Canada is doing this afternoon.

The weakness in the Canadian dollar is essentially a follow-through from yesterday's Fed rate decision that has the market anticipating at least one more hike.

They said nothing's changed in their view of the economy so markets focused on the word 'modest' to mean they'll be less aggressive.