BoC's Dodge says he favours global trade strategy

- Central Banking staff
- 18 Nov 2003

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Speaking on Monday 17 November, David Dodge said floating currencies can act as "shock absorbers" by rising and falling in response to economic conditions. A floating Canadian dollar has provided "a real advantage" for Canada, the Bank of Canada governor added. That also suggests it may never make sense for Canada and the United States to develop a common currency, Dodge said. "In an economic sense, I think the answer is no, not yet, maybe never."

Source: Canadian Press

Canada has focused too much

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