Canada's Dodge prepares for higher rates - report

Canadians should not be surprised if interest rates rise in the "next two or three months," Bank of Canada Governor David Dodge said in a recent magazine interview. He also rejected the idea of Canada and the US adopting a common currency.

Echoing some of the remarks made in the Monetary Policy Report Update last month, Dodge told the weekly news magazine Maclean's that the domestic economy is "operating a little closer to capacity" than the central bank had previously thought.


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