Experts divided over central bank intervention
Gary Ostioich, president of Spartan Fund Management, cited Bank of Canada as having approached management of its currency market successfully and transparently, announcing intervention on its website. "Bank of Canada is open about its intervention policy. Intervention is a good thing to support the global economy," he said.
Others agreed intervention does help to slow down and stabilise economies but said other tools are available to support currencies.
Jason Williamson, head of risk at King's
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