No North American monetary union yet - BoC

In a speech on North American economic integration David Dodge said the Canadian and US economies are currently too diverse for a single currency to work. He also said Canadian provinces needed a more streamlined system to regulate their own markets. French-speaking Quebec has been fighting to keep its own regulatory system.

Source: Reuters

Canada may have room to adopt some U.S. regulatory standards but the two economies are currently too diverse for a single currency to work, Bank of Canada G

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