At the G-20 meeting in Sao Paolo, Canadian finance minister Jim Flaherty said further rate cuts are being discussed to limit the global economic slowdown. He noted Canada has more room to cut than the US, a green light for specs to short the Loonie and help protect Canadian exports, it appears.
I guess he liked seeing the US license plates heading North of the border in recent weeks after a year in which all the traffic had been southbound.