The Canadian Dollar: Finance Minister Jim Flaherty

Finance Minister Jim Flaherty: The Canadian dollar was down 0.14 of a cent from Friday's close to 95.3 cents US. The Bank of Canada was closed Monday for the Remembrance Day holiday, according to CTV. Even so, that could still be a conservative estimate, since Flaherty is subtracting $3 billion from the projections in case things turn out worse than he expects and TORONTO -- The Canadian dollar closed lower Tuesday as Ottawa announced it will have a bigger than expected surplus in two years. Finance Minister Jim Flaherty's latest fiscal projections show a $3.7-billion surplus in the 2015-16 fiscal year, almost $3 billion more than predicted in the March budget. (www.immigrantscanada.com). As reported in the news.