What Goldman Sachs CFO Harvey Schwartz had to say about the economy in the GS earnings call:

  • First quarter dominated by central bank policies
  • Conviction around US economy gaining support
  • Expectation for slow, steady U.S. growth remains intact
  • ECB easing program helped confidence in Europe
  • Equities environment was 'good everywhere' can still get better
  • Risk of Greek exit more contained than years ago
  • Dialogue on energy mergers has been high

On energy, inbound M&A could be a positive factor for CAD in the months ahead if it materializes.