First the Belgians, now the Canadians….Is there any confidence out their? The Conference Board of Canada reports its measure of consumer confidence fell to its lowest level since 1981. The Board also said it would revise lower its outlook for the economy in 2009.
USD/CAD trades in the low 1.2100s, underpinned by 5-year lows in oil prices but capped by dollar jitters after the move to ZIRP by the US.