Canada's rate path uncertain - Dodge

A rise in value of the Canadian dollar and mixed signals on inflation risks will present the Bank of Canada with some tough monetary policy decisions in the coming months, David Dodge, the governor of the central bank, said that on Tuesday.

Dodge said that the central bank's 4.5% interest rate was appropriate for current conditions, but this could soon change.

"In recent days, the Canadian dollar has moved sharply above the trading range assumed in the July Monetary Policy Report Update," Dodge

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