Canada governor says ‘manipulating markets not in our game plan'
Poloz: attempts to influence exchange rate would ‘do more harm than good'
Attempts to influence the price of the Canadian dollar would do more harm than good, Bank of Canada (BoC) governor Stephen Poloz said in a speech in Drummondville, Quebec, yesterday, adding that it is only in the event of an emergency that the central bank would consider intervening in currency markets.
Poloz also rejected suggestions the Canadian central bank could offer the exchange market verbal guidance on the value of the dollar. "I believe in markets. Manipulating or trying to guide them
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