Economic Think Tank: Bank of Canada Is Deliberately Devaluing the Loonie

Posted: April 29, 2008 in Your Money
Tags: , , , , ,

” While the bank will not say this, we continue to believe that it seeks to cheapen the loonie against the U.S. dollar,” Carl Weinberg, economist and head of High Frequency Economics, said in an analysis. “This requires aggressive rate cuts to catch up with the Fed.”
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