“not out of the woods yet” well tell us what that means Flaherty!!!
The Canadian dollar crept closer to parity with the USD on Monday after a rise in oil. With U.S. markets closed we noted comments from Canada’s finance minister Jim Flaherty who said the economy is “not out of the woods yet”, speaking to journalists in Miramichi, New Brunswick, he emphasized that Canada has yet to recover fully. The finance minister also once again voiced his concerns about the volatility of the Canadian dollar. Addressing the greenback, Flaherty said that “downward pressure” on the currency is “substantial” due to the size of the U.S budget deficit.
No comments:
Post a Comment