- Joined
- Mar 24, 2009
- Messages
- 16,743
Surprisingly strong loonie spoiling Bank of Canada's best laid plans for economy
OTTAWA ` With the resurgent loonie spoiling the Bank of Canada`s best laid plans, has the time come for governor Stephen Poloz to take off the kid gloves?
The re-emergence of a muscular Canadian currency from as weak as 88.66 cents US in late March to about 94 cents US at the beginning of July may not seem ground-shifting given that not so long ago the loonie hovered around parity, but it is an anathema to what the central bank has been trying to achieve economically.
Read the full article here.
OTTAWA ` With the resurgent loonie spoiling the Bank of Canada`s best laid plans, has the time come for governor Stephen Poloz to take off the kid gloves?
The re-emergence of a muscular Canadian currency from as weak as 88.66 cents US in late March to about 94 cents US at the beginning of July may not seem ground-shifting given that not so long ago the loonie hovered around parity, but it is an anathema to what the central bank has been trying to achieve economically.
Read the full article here.