FX Markets

No rate cut to halt loony

The Canadian dollar appreciated rapidly last week, achieving new 10-year highs against the US dollar on several occasions. Canadian finance minister John Manley said last Thursday that the concern is over the speed of the change, though the value of the dollar does reflect improving economic fundamentals. It's "difficult for companies to make the adjustment when the change happens as rapidly as it has occurred", he said. "I'd rather it were steady and that companies had time to make adjustments

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: