Canada Is Not A Friend Of QE, May Throw Bernanke Under Bus At Next G-20

It seems the world is growing increasingly uncomfortable (or downright angry) with the unintended (or intended) consequences of the Federal Reserve's actions (and not just EM nations...):

  • FLAHERTY SAYS CANADA IS NOT A FAN OF QUANTITATIVE EASING
  • FLAHERTY SAYS U.S. QE POLICY MAY BE TOPIC AT NEXT G-20 MEETING

So, given the implicit threat from the G-20 that this would appear to be, we should add one more reason (avoid USD reserve status questions) to the list of why the Fed will Taper sooner rather than later (deficits, technicals, sentiment).