Investment advisor Theo Caldwell says Canada needs its dollar to be lower than the $0.95 mark, because Canada is an exporting nation and needs its goods to be cheaper, and it could lead to job losses.
While the budget watchdog is citing Ottawa for stingy reporting, the government is taking credit for better employment figures. Investment advisor Theo Caldwell suggest the numbers can be deceptive.
The U.S. president's first primetime news address did answer some questions, but didn't fully explain why the proposed stimulus package is the only solution to the economic crisis.
Although the unemployment numbers were much worse than expected, the market saw a bump on Friday. The two however are not linked as job numbers are a lagging indator and stocks are a leading indicator.