The Canadian needed some other trouble spot to take the negative attention off itsdomestic/economic situation. The admission that the BOC might need to cut rates and other developmentscreated a perfect storm for the bear camp this week in the Canadian Dollar and the low yesterday probablyfactored in a large measure of the fundamental case into the exchange rate. For now, the recovery in theCanadian is nearly exclusively technical in nature, as fear of slowing in China (a key Canadian export partner)and somewhat suspect US data suggests that the Canadian economy is a long way from being out of the woods.
