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.

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's almost a naive assumption to make.

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

Monetary policy aimed at either fending off a low-probability occurrence of high core inflation or at curing a debt binge [in Canada] will run a greater risk of choking off consumption growth than in the U.S..

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