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Douglas Porter Quotes

While it's a bit of a surprise, the slightly downbeat news on confidence can be explained by the ongoing weakness in employment, and perhaps consumers are a little concerned about the backup in mortgage rates. But while they're becoming less confident, they're still buying -- the latest sales numbers still look good. - Douglas Porter

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Surprise | Slightly | Downbeat | News | Confidence |

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I'm actually encouraged by how well the economy hung in there in September and October during the worst of the energy price spikes. The bigger threat to growth is the rising interest rates. - Douglas Porter

The industrial sector is cruising along at a moderate but not spectacular pace, and that's a good thing at this stage of the expansion. - Douglas Porter

There really can be little debate now that Western Canada is already experiencing the closest thing to full employment in over three decades, with the jobless rate west of Ontario just barely above four per cent. - Douglas Porter

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