Standard Chartered's Englander on Currency Plays

Steve Englander discusses the breakdown of emerging markets (EM) and the lack of data recovery, highlighting the overestimation of market optimism. The China shock is noted as a factor affecting global growth, leading to risk aversion and a stronger yen. Currency pairs involving the yen are analyzed for their safe haven status. Current market strategies include long yen and short Korean positions, as well as a focus on Swiss-Canada trades due to commodity vulnerabilities.

What does the speaker mean by 'tentative green shoots' in the context of market recovery?

According to the speaker, why is Canada considered vulnerable in the current economic climate?