Q2 is looking pretty solid.
Will be assessing how sustainable the pickup is
We do think it is sustainable. If oil prices do once again rise, and feed into inflation, he expects to need consecutive rate hikes to keep inflation under control. There are questions about how sustainable the recent pickup and growth is.
Says we are going to take our decisions one at a time. Canadian dollar weakness has not been a major factor in rate decisions There has been somewhat widening in yields between the US and Canada leading to a weakness in the Canadian dollar. eg Michalowski