Budget Surplus: Congressional Testimony

congressional testimony: The loonie was ahead 0.14 of a cent to 90.6 cents US as the U.S. dollar backed off amid the other major market event of the day congressional testimony by the new chair of the Federal Reserve. , according to Hamilton Spectator. "The government is expected to stay the course on its path to budget surplus, opting to set the stage for new initiatives to be introduced once the government is back on positive fiscal footing in 2015/16," said RBC Economics economist Laura Cooper. The Canadian dollar advanced Tuesday morning while traders looked ahead to the release of the federal government's new budget. Finance minister Jim Flaherty tables his new budget at 4 p.m. EST with surprises expected to be minimal. (www.immigrantscanada.com). As reported in the news.