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BoC’s Schembri: Floating FX Rate Is A Critical Part Of BoC’s Framework
BoC’s Schembri: Floating FX Rate Is A Critical Part Of BoC’s Framework, Helps To Absorb External Shocks
— First Squawk (@FirstSquawk) June 17, 2019
Added at 2:35pm
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Schembri: Flexible Exchange Rates, Commodity Prices and Price Stability
It is a pleasure to be in Alberta for my speech today, given the importance of commodities, including oil, and their prices to the Albertan and Canadian economies. While it may seem that many of us think about the value of the Canadian dollar only when we are about to travel, at the Bank of Canada, we view it as the most important price facing our economy because it directly affects much of what we produce, consume and trade. That’s why this is the right place to explore the critical role our flexible exchange rate plays in Canada’s economy. And the time is right as well. Canada has just entered its 50th ... (full story)