This blog is about macro-economics, financial markets and the world that has been pulled over your eyes to blind you from the truth.
— Neo: What truth?
— Morpheus: That you are a slave, Neo.
CAD is correcting nicely
With bullishness extreme about Canada and the CAD, it was only a matter of time until some form of correction took place. It had to happen the day Canada announces the recession is over. Quite an upside down world we live in :-)
Let's see if this is the beginner of the real correction, or if it's just a blip to suck in more "buy the dip" speculators. Given that the stock markets are rallying and are quite off the lows, I think this correction might not be the real one we are expecting.