Strong Canadian dollar “threat to growth”

bank-of-canada-2

Mark Carney, governor of the Bank of Canada, told the country's House of Commons that the current high exchange rate against the US dollar was depressing prices and economic activity.

"Heightened volatility and persistent strength in the Canadian dollar are working to slow growth and subdue inflationary pressure. The current strength in the dollar is expected, over time, to more than fully offset the favourable developments since July," he warned. He acknowledged that the exchange rate reflects

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: