Bank of Canada: no intervention without strong policy

"Heightened volatility and persistent strength in the Canadian dollar are working to slow growth and subdue inflationary pressure. The current strength in the dollar is expected, over time, to more than fully offset the favourable developments since July," he warned. He acknowledged the exchange rate reflects weakness in the US dollar rather than strength in its Canadian counterpart.

Carney argued that currency market intervention is largely ineffective if not backed by strong, corresponding

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: