Tuesday, July 21, 2009

CIBC: what can cause less aggressive statement of the Bank of Canada

According to analysts CIBC, Bank of Canada has a little less concern for strengthening the national currency as a threat to economic growth. In his most recent statements of the Central Bank has argued that the growth of the Canadian dollar could reverse all the positive points in the economy. Today, the strengthening Canadian dollar has been mentioned along with the restructuring as factors that could significantly limit economic growth. The bank believes that it is less aggressive statement could result in the Canadian currency will continue to rise, or at least remain at current levels, which, according to bank analysts, is a big threat to economic growth than ready to accept the leadership of the Bank of Canada.

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