The home of the Loller Dollar is probably used to taking a little bit of guff these days. China, Russia, Venezuela… well, they’re known for being mouthy. But now our neighbors to the north are flaunting their duck money like it MEANS something, and no, I’m not talking about the Tim Horton’s they put next to BarCap’s offices, though I could use a Timbit. Two recent stories from the “Uh oh, Flaherty’s grown a set” department.

First, “Our stimulus is better than your stimulus, nyah nyah”:

The Canadian government’s C$47.3 billion ($44.6 billion) fiscal stimulus has been more effective than the U.S.’s and has created more jobs, Finance Minister Jim Flaherty said, predicting that growth next year could be stronger than forecast.

“I don’t want to be not helpful to the U.S. But our stimulus package actually has worked much better in this country,” Mr. Flaherty said. “We have been able to move the money more quickly to create public-sector demand to replace an absence of private-sector demand. We have been able to stimulate the Canadian economy more than has happened in the U.S.”

Canada’s unemployment rate was 8.5% in November, he said, about 1.5 percentage points lower than in the U.S.

Is he taking lessons from Kanye? “Okay, Mr. Obama. I’m sure it’s a good stimulus, and I’m gonna let you finish, but unemployment is lower up here with the lumberjacks, eh!”

Then, to add insult to injury, F-dawg goes on that Russia and China are gonna get long the Loon:

China, with the world’s largest currency reserves of $2.3 trillion, may be poised to buy Canadian dollars as it seeks to shield its reserves against the U.S. dollar’s decline.

“It does not surprise me that China and Russia would take greater positions in the Canadian dollar than they have previously,” Flaherty, 59, said during an interview in his office in Ottawa. “I would expect countries looking around the world to invest in market currencies that are reliable.”

…

“We know that China has been interested in things in Canada, whether it’s the bond market or the oil sands or oil companies,” said David Watt, senior currency strategist in Toronto at RBC Capital Markets, a unit of Canada’s biggest bank. “They’ve been sniffing around in the past. We know they’ve been interested.”
Watt said an amount equal to 2 percent of Asian reserves would mean about C$100 billion of currency flows into Canada.

So Flaherty is making it sound like Canada has all its mallards in a row.

We here at LOLFed don’t have much use for oil sands, but we would be interested in getting long some poutine and backbacon, and possibly even some coffee crisp if anyone would care to ship it in our direction. We’re even willing to trade our loller dollars for it. And, in the event our investment would open floodgates of pent-up demand and send C$100 billion worth of poutine flooding into the States… well, we’re ready for that.