Canada posted a C$ 4.4 bln deficit in April and May of this year versus a $7.5 bln fiscal shortfall during the same period a year ago.
Canada earlier today posted tepid inflation data, suggesting the BOC can take a wait-and-see attitude on hiking rates.
USD/CAD is easing once again after a spike on the first wave of stress-test skepticism. Seasonal selling has helped underpin the Loonie in light trade, dealers say. We’re now at 1.0392.
