Canada deputy says QE exit may be ‘more benign’ than critics fear

john-murray-canada

The biggest trading partner of the US and arguably the country where tapering of the Federal Reserve's asset purchases is likely have the most significant impact is counting on the underlying strength of the US economy to offset any "drag from higher interest rates" prompted by a QE exit, according to Bank of Canada deputy governor John Murray.

Speaking yesterday at an event in Ontario, Murray said that despite putting upward pressure on the Canadian dollar, the Fed's unprecedented easing had be

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