Bank of Canada governor is facing an even bigger challenge, likely starting mid-year
BoC should intervene during extreme fluctuations, Shenfeld says
Sentiment has turned very quickly against U.S. greenback
Canadian dollar expected to reach parity on better economic prospects
Serious challenges and risks remain, but the Bank of Canada expects to see growth return this quarter, followed by a slow recovery into mid-2011.In a speech to the Canadian Association for Business Economics in Kingston, Ont., on Tuesday, Timothy Lane, deputy governor of the Bank of Canada, noted that, “there are encouraging signs that we […]
Rising commodities prices and wider interest-rate spreads will support currency
Lower target, stronger accountability would boost Canadian dollar
Once the economic recovery gets underway, the world’s major currencies will be affected in different ways
Economic research firm, Global Insight Inc., argues that the Canadian dollar is currently undervalued as the market has been slow to adjust to the new oil price environment.“With the price of oil recently being revised upwards, and the other fundamental determinants of the dollar either supporting appreciation or neutral, we believe the Canadian dollar is […]
High-profile takeover could cause the currency to surge, says BCA Research