Slumping commodity prices and risk appetites have not been kind to the Canadian, which continues to slide further to the downside in front of this morning’s US data. Canadian economic data has beennegative, but an unfavorable comparison to their southern neighbor leaves the market requiring weak US jobsnumbers to have any chance of mounting a recovery. Near-term support is at 0.9112 and unless there is asubstantial turnaround in risk attitudes later today, the Canadian looks to be finishing out the week squarely onthe defensive.
