11 Total Quotes
Rick Egelton Quotes
It really depends on where we see commodity prices moving and if commodity prices remain high, we can easily see the Canadian dollar break 90 cents (U.S.) over the course of this year.
The Fed has had a fairly sanguine view on inflation and this (CPI report) will certainly confirm that view. It continues to give the Fed lots of room to maneuver.
The Fed has had a fairly sanguine view on inflation and this (CPI report) will certainly confirm that view. It continues to give the Fed lots of room to maneuver,
Retail sales -- a little disappointing when you look outside autos. All in all, it suggests moderate growth in consumer spending.
When you take (the report) alongside all the other indicators, particularly the purchasing managers' survey, it confirms the economy is indeed in recovery.
For consumer spending to be sustained at any meaningful pace you need a more substantial improvement in payrolls.
The unemployment rate stood at 6.1 per cent in November - the lowest rate since mid-2001. The return to higher growth in 2006 should allow the annual unemployment rate to decline slightly in that year.
We expect further declines in 2006 and subsequent years as pent-up demand is fulfilled and as interest rates rise over the medium term.
I think the economy is probably performing a little bit better than people had anticipated as well.