Flaherty is quoted by Reuters, saying tomorrow’s number looks grim. Looks like he’s taking a page from Obama’s book.Canada releases its report at 12:00 GMT tomorrow.
Flaherty also says there is a risk that the recession will get much worse.
USD/CAD shot up to 1.2305 from 1.2270 on the comment. Resistance is at 1.2325 and 1.2350.
