We expect the combination of a U.S. growth moderation and the lagged impacts of a strong Canadian dollar on factory employment to do a lot of the work in engineering that cooling in Canadian hiring, leaving the Bank of Canada with only another 50 basis points in rate hikes. -Avery Shenfeld

 

We expect the combination of a U.S. growth moderation and the lagged impacts of a strong Canadian dollar on factory employment to do a lot of the work in engineering that cooling in Canadian hiring, leaving the Bank of Canada with only another 50 basis points in rate hikes.


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This quote is just one of 9 total Avery Shenfeld quotes in our collection. Avery Shenfeld is known for saying 'We expect the combination of a U.S. growth moderation and the lagged impacts of a strong Canadian dollar on factory employment to do a lot of the work in engineering that cooling in Canadian hiring, leaving the Bank of Canada with only another 50 basis points in rate hikes.' as well as some of the following quotes.

Today's statement ups the odds that the Bank of Canada will be back again with a 25 bp (basis point) 'Christmas present' in December.

Avery Shenfeld

I place more emphasis on jobs numbers than on confidence surveys in estimating consumers' attitudes. And that has not looked promising.

Avery Shenfeld

This was a month in which a number of one-time events conspired to mask the true strength of the economy.

Avery Shenfeld

Ahead of the storm clouds, the American job market was humming along nicely, a result that says little about where things will stand as the recent spike in energy prices begins to bite.

Avery Shenfeld

These confidence surveys are reflecting what people are reading -- that the economy is not creating jobs. It doesn't mean that people are not spending.

Avery Shenfeld