A spokesman for Liberal Party chief Ignatieff says that the party will bring a non-confidence motion in the government as soon as possible. That looks like early October, according to the Globe and Mail. Political instability is never a plus for a currency, but reading the tea leaves, the Liberals may “fear” an economic recovery and want to dethrone the the government before the economy improves and take credit for the improvement if they can take the reins…

USD/CAD has steadied in the mid-1.1040s.