Usually Canadian data doesn't mean that much but we were so close to testing the previous (dollar/Canada) lows that when we got better productivity numbers it gave the market a push.
Given the fact that core was as expected and remained unchanged on a year on year basis, I don't think it will really change the Bank of Canada's decisions much.
Forty percent of all California zinfandel comes from Lodi.
The only thing that is going on right now, and will be going on until Dodge speaks again, is the budgets.
We haven't seen any planting of any note for five years.
Two-year bonds don't offer too much value as the central bank may continue to raise interest rates. The economy in general is doing very well.
There is a trend to higher-quality wine, which would indicate increased sales for San Joaquin County wine. We don't participate in the jug-wine market.
What it comes down to (is that) Lachapelle was lights out. He was the man.
You have firm inflation. The Bank of Canada has to continue tightening to keep it in check. Clearly it makes 4.25 percent more likely than 4 percent.
This week was a bad one for energy prices, in particular natural gas prices, which were down 15 percent. There was no question of those eventually weighing on the currency.
We got a bit of an upward push because of the weakness in equities, a bit of reversal from what we saw yesterday.
The statement may be changed to suggest, because of a high degree of uncertainty, that they'll just wait and see how the data unfolds.
The simple fact that the trade sector has ceased to be a significant drag on growth will be enough to convince the Bank of Canada to move on September 7 (and beyond).
The most remarkable thing about Canadian growth is that it has been so stable given the degree of 'moving parts' like record currency strength, volatile energy prices, weather fluctuations, etcetera.
Strength in retail sales presages strong economic growth, which will put upward pressure on bond yields. The central bank may be a little bit more aggressive in hiking rates.
There may be a couple of surprises in the budget but for the most part I think they are going to play it reasonably safe and not fool with expectations too much. And if that's the case, then the market movement shouldn't be large.
There?s an awful lot of knowledge we can gain from past climates.
It's not in the best interest financially for our community. It's in the best interest of the developers who want to come in and do this.
It's becoming less certain, the third (rate hike). We're waiting to see how the remaining data comes through.
It's mostly just coming off the back of profit selling, if you like, after a good result yesterday. The down move in the U.S. is basically due to oil.
The Bank of Canada still has a constructive view on economic growth. They may be likely to raise interest rates more.
The Bank of Canada may raise the rate to 4 percent and pause. Initial reaction is a weaker Canadian dollar.
The (Bank of Canada is) priced for 4 percent and this is consistent with that right now, although they are in data-watching mode.
The bank is reasonably comfortable with the notion that the consumer still has pretty good fundamentals.
They'll be looking at other stats going forward. On average, the fourth quarter was a good quarter for employment. I don't think they're viewing that as a serious concern here.
They have to look at this as one area where there are capacity constraints.
The Canadian dollar still gets support from oil prices. There is still room for the currency to improve.
(The Canadian dollar) got a boost from the employment data, but it's been on a roll over the last few days.
In all, the good news for the fourth quarter on external balances should be well-received and underpin the Canadian dollar.
If you look across all markets, there seems to be a common theme of reduction of risk.
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All the statistics have been running in favor of more rate increases.
The economy is firmly in expansion mode so the Bank of Canada will take rates higher. Higher short-term rates will push up yields.
