Canadian PM pushed to take action on economy:

  • Pressed on whether he might unveil budget sooner, declines to answer directly
  • Asked whether government might run budget deficits much higher than promised, says his party will stay fiscally responsible
  • Lower CAD and oil have damaging effects on large parts of economy

USD/CAD is back to flat on the day at 1.4538 after trading for most of the session around 1.4500. A climb today would mark 12 straight days of gains.