Week in FX Americas – Loonie Takes Flight In Wrong Direction

Yesterday’s inflation report was closely watched especially after the Banks MPR report mid week suggested that “muted” inflation is a factor that would suggest that rate increases are “less imminent.” The domestic economy is obviously slowing, but at what pace? Governor Carney’s less hawkish stance coupled with a commodity sector with its own troubles has the ability to push USD/CAD towards techies short term target of 1.0250.

• US Budget Discord Threat To Global Economy
• Poll: U.S. Government’s Finances is the Greatest Risk to the World Economy
• Companies CEOs less optimistic about 2013 Growth
• Canadian November Retail Sales Report
• Commodities On The Rebound
• Record High Employment in the World to continue until 2017 – ILO
• More kicking of the can: Republicans wish to extend debt limit to May 19

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