Stronger Canadian dollar weighing on policymakers' minds – Lane
Bank of Canada deputy says bank is paying ‘close attention’ to how markets respond to higher interest rates and stronger currency
The Bank of Canada’s deputy governor says it will be watching how the economy responds to higher interest rates and a stronger currency in its coming monetary policy meetings.
Speaking on September 18 on the effects of international trade, Timothy Lane said the central bank was playing “close attention” to market reactions following its decision to raise rates for a third consecutive time in a row.
The decision sent the Canadian dollar to a two-year high against its American counterpart.
“Now
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