# Canada's exchange rate 'source of uncertainty'

Bank of Canada Deputy Governor Sheryl Kennedy said in a speech on Thursday 8 October that the central bank views the exchange rate as a "source of uncertainty" when forecasting economic growth.

Kennedy reiterated that the central bank plans to raise interest rates, saying that the Bank of Canada must reduce the degree of monetary stimulus to prevent an intensification of inflation pressures and to encourage a sustained and durable economic expansion.''

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