Carolyn Kwan Bank Quotations

Everything this week is going to be hinging on the Bank of Canada early on -- there are also some important data points which should be supportive overall -- but the question really is the statement.

The business conditions survey is going to take center stage for Canada, maybe in particular because the Canadian dollar seems to be playing an important role in the Bank of Canada's thinking now.

This is a supportive report for Bank of Canada's 'modest' rate hike plans -- good growth, but lower imported costs.

The Bank of Canada is more likely to move more than the U.S..

The Bank of Canada has talked about the risks to 2007 on the downside. We would see the Canadian dollar weakening.

The main factor behind the Canadian dollar appreciation is likely the expectation of tomorrow's Bank of Canada statement accompanying the widely expected hike.