Well that stupid Bernanke is at it again..When ever he opens his gob..the market tanks..and here we go.. We will be lucky to close in the green tonight after a week of frigging declines..
So It is not all bad management..
Portee
RPT-C$ pares gains after Bernanke speech23 minutes ago by Thomson ReutersTORONTO, Aug 31 (Reuters) - Canada's dollar pared gains against the U.S. currency on Friday morning after U.S. Federal Reserve Chairman Ben Bernanke did not clearly make the case for another round of stimulus in a key speech.
At 10:09 a.m. (1409 GMT), the Canadian dollar stood at C$0.9891 versus the greenback, or $1.0110, down from around C$0.9877, or $1.0125, before Bernanke's speech.
The Canadian dollar had strengthened earlier in the session in the wake of data showing the country's economy grew more than the market had expected in the second quarter and against a backdrop of positive news out of Europe.
