Canada’s coalition government is in disarray as the leader of the Liberal Party says he can no longer support the Conservative government. There is a vote in early October and it will be a matter of confidence, so the government could fall if things don’t change. Could be a bargaining tactic as Canada has been to the polls repeatedly in recent years and does not seem to be in the mood for another election.
USD/CAD is up to 1.1060 on the news and on general USD strength. Resistance lies between 1.1090 and 1.1125. Large stops are rumored above 1.1125.
