Duguay on Canada's response to global changes
Canada has responded well to a dramatic change in its terms of trade, according to Pierre Duguay, a deputy governor of the Bank of Canada.
Speaking this week, Duguay said that sound monetary policy has helped in two ways: low and stable inflation has provided an important element of certainty in a time of rapid change; and monetary policy has helped to facilitate adjustment by supporting aggregate demand to keep the economy near its full potential and inflation on target. A strong world economy
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