Don't exaggerate by inflating the true data from Stats Can:

Statistics Canada: Canada's national statistical agency

" June 5, 2009
Labour Force Survey, May 2009
Following gains in April, employment decreased by 42,000 in May, led by further manufacturing losses in Ontario. The unemployment rate rose by 0.4 percentage points to 8.4%, the highest rate in 11 years. Since the employment peak of last October, employment has fallen by 363,000 or 2.1%. "

42,000 in May in all of Canada is bad enough. No need to impress by saying 60,000 in Ontario alone.
The impression is created here by you and others that Canadian sources -Stats Can, BNN, government, etc...- are deliberately misleading the financial community by underplaying the effect of the recession in Canada and desperately love to "talk up" the loonie at the expense of the USD.
At the same time the facts speak another truth: In Canada, other than tourists, all industries, government and the BOC fear like the devil holy water an appreciation of the loonie. If they had their way the loonie should be worth even less than mach9 thinks it should be.

You also decry the feds not inflating enough: "Today people are asking where is the stimulus?
Feds said they have a plan, but still no money flowing where needed."

How about the 10 billions - 20% of the deficit!!!- they just pumped into the bankrupt GM in Ontario alone? What would be enough for you? For the USD/CAD the market decides. Or is the market wrong? What's the alternative? Pegging? We will never go back to that for obvious reasons: Ontario auto workers would love 0.50 USD but for the economy as a whole the inflationary effect would be disastrous. Other unintended consequences of a very cheap loonie would be to make it very tempting to sell out entire sectors, land and everything else to outsiders. Might as well throw in the towel and become the 51st, sorry, the 52nd state of the union. Actually leaving it to the market under the current NAFTA rules and being overwhelmingly dependent on US trade may bring that about anyway. And of raving.

Regards

The fact that this USD/CAD Pair has gapped up on the Open Today signifies more upside over the long-term ... so the Low for this Week should come in Today (Mon June 8th) or tomorrow. Today's Pivot price is sitting at 1.1121 ... this market will attempt to remain above the last 12 Bar 4H William's %R High of 1.1160 ... and the near-term target sits at this Week's Pivot Price of 1.1395. Buying Dips is the Order of business for catching the Uptrend above 1.1121 ... or for Scalping should any intermediate sideways Action play out.

Lets hope so, i'll be looking for a good entry point monday morning after the markets really open

"60,000 job losses alone for Ontario" is what I said.
This is the true for Ontario. As reported by trusted news agencies in Canada.
While some jobs were added in places like Sask. and Alberta.
As these provinces are actively moving population away from Ontario to work in mines and oil production. Many of these jobs are moving population with subsidies trumped up by taxpayers.
Also the job losses would have been much higher if the PT "part time" jobs were not included as new jobs.
Therefore lucrative full time jobs are changed into low pay, low hour positions.
I don't make this stuff up.

You don't make it up? You talk as if the 60,000 figure in Ontario alone came from Stats Can. I, on the other hand refer you to the Stats Can. report with link that tells of 42,000 in ALL of Canada. Your 60,000 needs reference of those trusted agencies.

Not to make a mountain out of a mole hill, numbers should not be bandied about unless you quote the source. In the Internet that should be easy.

You do make this stuff up. You've been doing it for some time, and Herrvonsteiner is right to call you out.

I will leave it up to you educated internet users to find more.

CTV.ca | Canada's unemployment rate hits 11-year high

Enjoy!!

ok, point taken

Well, for once mach9 gets it right with the CTV reference which talks of Ontario shedding 60,000 jobs in May.

I copy that quote here:

"More than 1.5 million people across the country were out of work as of last month, with Ontario shedding 59,700 additional positions through May.

In the rest of the nation combined, by comparison, 41,800 jobs were lost."

The above clearly conflicts with the introduction of Stats Can. report:

"Recent releases from The Daily

June 5, 2009
Labour Force Survey, May 2009
Following gains in April, employment decreased by 42,000 in May, led by further manufacturing losses in Ontario. The unemployment rate rose by 0.4 percentage points to 8.4%, the highest rate in 11 years. Since the employment peak of last October, employment has fallen by 363,000 or 2.1%.

If we read the full report the contradiction is removed by noting that both numbers are indeed correct. How? In the rest of the country some provinces also reported employment gains . So while Ontario really lost the 60,000 the rest of the country "only" lost 42,000.

I suppose it isn't enough to read headlines especially when such important facts from the Stats Can. headline are left out as "the rest of the country".

O.K. mach9 you are in the clear , you didn't make it up (but please give references anyway)

In my opinion.
The Stats Can. releases are designed to be confusing at this time as Canada shows it is not perfect.
And I may also be reading it wrong.
I'm sure I can find some positive quotes out there today.
But these may be designed to be reassuring.

In the end...
I think we could all find stats and quotes from all sorts of reputable sources.
Each day bias one way or another.
It is up to us to dig deeper for ourselves of which way to trade going forward.

Now if I could only find a link that tells me Oil is trading back to $55 a barrel.
What are the charts telling us today?

Cheers

seems very flat atm, nothing is lining up atm so i'm just sitting back.

Not trying to beat a dead bush.
But for being called out on the lack of stimulus...
I found a little time to get this to you.

Try this link.
Jobless rate hurt by delay on stimulus cash: Ignatieff

Cheers

it will be interesting to see how far the cad drops before it starts to go back up due to the USD dropping agian.

either that or oil will be the catalyst and will force the cad dollar higher while mega-boning the US.

although honestly it would bone us too.

I'm might just play the eur atm, that seems like it is more cirtain(lower) then the usd/cad pair(higher)

Many highly educated folks believe Stats Canada isn't worthy of that "trusted agency" label. StatsCan has long been a case example here with professors and students of mathematics for its erroneous (or possibly skewed) techniques. Upon further digging, you found yet another example of its misuse and abuse of statistics: the misleading 42k headline number.

The fact that it's a government agency might be enough for some to have a healthy skepticism about the objectivity and reliability of its statistics published for public consumption.

I don't like the idea of handing over control of my money to someone I have never met, even still I would never give over control of my money.