FX Week

Markets caught out by deputy PM Manley


Optimism for a global recovery has boosted the Canadian dollar, which is perceived to benefit from rising economic activity, says RBC Dominion Securities' strategist Jeremy Stretch. But last week, politicians' comments acted in the opposite direction

Rising non-energy commodity prices have acted as a catalyst for dragging the currency away from all-time lows. Importantly, though, the market had reacted to comments from Bank of Canada Governor David Dodge and Finance Minister Paul Martin,

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