Andrew Pyle Quotations

We are hitting the consumer with headwinds that we have not witnessed on record.

May delivered another dose of unexpected strength in Canadian job creation.

From a sector point of view, there would be very few 'safe' havens on the Canadian equity landscape if this scenario materialized.

(It) comes down to watching the data, and data reflecting the impact of this move in the currency is not going to come out until we get into the summer.

I think the biggest risk to Canadian equities (in 2006) is that we see a more aggressive spike higher in the Canadian dollar, which does put pressure on earnings and obviously competitiveness.

It gives us reason to take a closer look at overall manufacturing and business sentiment at the end of the year.

I think there's going to be more clarity or more details provided as to costing, what the actual costs will be.

I think there are going to be easier things for them to put through before they go for that.

We can attribute some of last month's decline to the rise in the Canadian dollar and increased concern among companies as to the impact this will have on export penetration and earnings, but at the end of the day the Ivey has never been a valued directional indicator because of its volatility and desks may partially dismiss the decline as a result.

We are now seeing the lags from currency appreciation kick in, alongside more uneven growth south of the border.

Why should the bank raise rates again in March? There's no reason.

While the report alone is not going to be enough to prevent a 25 basis-point hike by the Bank of Canada next Tuesday, if the core trend is not turned around in the first couple of months of the new year, there will be a strong argument against further tightening.

While the recovery above the break-even threshold is a relief, it remains well back of the highs set in the fourth quarter and we would suspect that the appreciation in the Canadian dollar is restraining optimism.

There's probably broad agreement within the Tory party for that. There's no concrete details on that, but you get the impression that Conservatives would probably support that as well. Obviously, the Liberals would support it because it's their program.

Right now their guidance has been clear... they don't appear overly alarmed by this.

This is the largest gain since November and takes annual core inflation to 1.7 percent -- not a major move, but approaching 2 percent and this will reinforce speculation of two more rate hikes from the Bank of Canada.

It's a wake-up call for the bond market, ... The bond market was nervous to begin with that the goldilocks scenario wasn't panning out, and this report appears to confirms that.

It's a bit like closing your eyes and holding your breath waiting for a giant wave to crash down -- only to find that the wave has disappeared. There's a very similar correlation between what's going on now and what happened during the industrial revolution.

It was like someone turned on the lights at the high school dance. Not only did people begin to realize that the party was over, they also realized that they didn't really know who they had been dancing with.

The U.S. deficit is growing faster than someone who spent too much time at the all-you-can-eat buffet.

It's really a day where you're going to focus on the U.S. economic story. But I think we should see a generally positive run today.

If retail sales remain healthy, it will give further support to the economic growth in the first quarter. This put pressure on bonds.

The impact of an overvalued currency is starting to become more apparent ... the Bank of Canada may have to reconsider its assessment of how much the dollar is acting as a drag.