Canada: Flaherty says biggest risks to the Canadian economy are weak US recovery and instability of some European countries

  • He thinks Canada will have a challenge with respect to employment numbers
  • repeats estimate that he thinks there is 50% chance the upcoming Federal Budget will be passed by Parliament

Enough to drive the USD/CAD to 1.0057 taking out stops above 1.0030; currently trades 1.0044

  • Spokesman to the Canadian PM says Government will not provoke an election in any way
  • says they have appointed a Campaign Manager with immediate effect because of opposition threats to force an election

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