Avery Shenfeld Quotes

Whenever you have a situation where inflation is not a material risk and the economy is underperforming, you should be thinking about a rate cut. There's a potential reward and not much risk. - Avery Shenfeld

What counts, of course, is what the trend would have been absent hurricanes Katrina and Rita. - Avery Shenfeld

We've had a run of fairly positive reports out of the major banks, so financials continue to do well and they have a heavy weight in the Toronto index. - 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. - Avery Shenfeld

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

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

The warning bells are starting to ring, that the drag on manufacturing from the Canadian dollar . . . is starting to show through, now that the U.S. economy is starting to slow. - Avery Shenfeld

The Federal Reserve will look past the see-saw numbers on things like orders and look at the broader trend, which is still for a fairly strong first-quarter economic performance. - Avery Shenfeld

The Bank of Canada remains on the warpath against inflation in an economy where recent job and production gains are, in its view, too much of a good thing. - Avery Shenfeld

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