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PODCAST: The Franc and the Euro

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The giant retailer Target of Minneapolis said today it’s closing down operations in Canada and has filed for bankruptcy protection to cover its North of the border operations. More on a move that could put more than 17,000 Canadians out of work. Plus, another major cross-border story developing today: Switzerland’s currency surged 17 percent today, causing headaches for all sorts of Swiss exporters from wristwatches to cuckoo clocks. This after the Swiss Central Bank without warning gave up on trying to keep the euro-linked closer to the Swiss Franc. And at the big car and truck show going on in Detroit, the top honor in the car category went to Volkswagen’s Golf, which comes in all sorts of flavors, from electric to diesel to muscle. But don’t let that small car fool you.

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