The Canadian Finance Minister Jim Flaherty has been on the wires highlighting his administration’s concerns over any rapid change in the C$ against its southern counterpart. He warned that there are some steps that could be taken to dampen the C$ rise. Expect more words like this from policymakers across the globe as Dollar weakness again comes to the fore.
No surprise that Usd/Cad has taken flight from 1.0675 to 1.0755 in quick time.