Korean Job Discussion Forums

[AgentM]

This will be of interest to those of you who are sending remittances home to Canada.
--

The Bank of Canada is stepping up its campaign to counter the ascent of the Canadian dollar.

In remarks aimed at the international investors who seek profit in foreign exchange markets, Timothy Lane, one of Governor Mark Carney's most senior advisers, sent the strongest signal yet that tougher rhetoric about the currency's rise in the last couple of months is more than a bluff.

Speaking in Kingston Tuesday, Mr. Lane, the newest member of the Mr. Carney's Governing Council, reiterated that �persistent strength� in the loonie risked derailing Canada's fragile rebound from recession by hurting exporters who stand to gain from nascent signs of life in the U.S. economy.

Mr. Lane then upped the ante by signalling that the loonie's current trajectory could force the Bank of Canada to join the U.S. Federal Reserve, the Bank of England and other central banks in the business of creating money to buy government debt, an extreme tool of monetary policy called quantitative easing.

<snip>

The Canadian dollar was already weaker yesterday because of a drop in oil prices, but the descent accelerated after Mr. Lane's speech was published on the central bank's Web site.

http://www.theglobeandmail.com/report-on-business/bank-of-canada-takes-on-soaring-loonie/article1264402/

[E_athlete]

fucking bitch

I can't believe this tripe. What exports?? You mean raw materials other countries have to buy from us anyway?

I wanna choke this Mr. Lane .

*beep* the bank of Canada.

[mises]

[E_athlete]

[TheUrbanMyth]