BOC’s Carney: Concerned about recent CAD rise

Source: www.forexlive.com

Bank of Canada Governor Carney says he is concerned about the recent rise in the Canadian dollar saying the rise over the last month has been at an unprecedented rate. Evidence of the currency impact was seen earlier this week as Canada posted a rare trade deficit. Reaction has been muted as Carney has expressed these sentiments a few times in recent weeks. The buck is steady at lower levels of 1.0980.


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