Fed normalisation could have ‘significant impact' north of the border, Canada deputy warns


In the event that US monetary policy normalisation "does not play out smoothly," the impact on the country's main trading partner "could be significant", Bank of Canada deputy governor Timothy Lane warned yesterday.

His comments came only hours before Simon Potter, executive vice-president of the Federal Reserve Bank of New York – the institution that implements the Fed's policies – took to Tokyo earlier today to outline how the US central bank intends to exit the most accommodative phase in the

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