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.''

In the speech she talks about Canada's

To continue reading...