Canada's Dodge: Monetary policy & exchange rates

In a speech on 'Monetary policy and exchange rate movements' given on 17 February, David Dodge of the Bank of Canada said that in conducting monetary policy, the Bank analyses movements in the Canadian dollar in the context of economic and financial data and events.

In the speech to the Vancouver Board of Trade, Governor Dodge said that it is important for the Bank to try to distinguish between two types of exchange rate movement: those that reflect direct changes in aggregate demand for

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