Both the global and Canadian domestic recovery are fragile. says Canadian finmin Flaherty. Flaherty hands the baton as head of the G7 to France’s Lagarde at the G20 meeting next month. Al least we have that to look forward to…
- Canada is watching the CAD and is always concerned with volatility
- Currency interventions around the world should be avoided
- Currencies should be market based, like Canada’s.