Bmo Capital Markets: a Soft First Half of the Year Suggests US Annual Growth Will Slow to 1.8% in 2016, a Material 0.6 Ppts Below the Last Two Years’ Pace

Bmo Capital Markets: the Recent Softer Greenback Will take Time to Turn Around a Dreary Trade Performance, With Goods Exports Falling in Five of the Past Six Months to March

Bmo Capital Markets: the Canadian Dollar Will Sag Back Towards the 75-77 Cent Range ($1.30-1.33) in the Second Half if the fED Does indeed Begin to Look Like They Will Tighten and if Oil Loses Some Steam

Bmo Capital Markets: We See Canada;s Gdp Struggling to Even Approach the 2% Pace Through the Rest of This Year

Bmo Capital Markets: Even One Rate Hike from fED This Year Would Help Backstop the Suddenly Struggling Greenback