Canada's Dodge will cut rates if necessary

David Dodge said on Thursday 20 November that interest rates would be cut if the Canadian dollar's rise threatened the economy. He said the Bank of Canada would act to stimulate domestic demand to return inflation to the 2-per-cent target and "such action would take the form of lowering interest rates".

Source: The Globe and Mail

Bank of Canada Governor David Dodge sought to soothe market players dealing with a volatile dollar Thursday, reminding the public that the central bank will cut rates

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