Fresh 12-year highs in USD/CAD
The risk trade is putting a hurt on the Canadian dollar.
This is doing the rounds in Canada as the national ego takes a bruising.
For every 1 cent fall in CAD, one thousand Canadian retirees in Florida decide they don't mind the cold weather after all.
The Canadian oil benchmark -- Western Canada Select -- is trading at $15.30 per barrel. No one is making money at $15.30 per barrel.
