But all of these elements are highly correlated. That is to say that a balance must be maintained between the exchange rate and the lowest possible level of inflation. Is there such a thing as a perfect balance? That is a good question. Everyone wishes to increase Canada's business productivity, and in so doing, enhance our country's overall growth. However, exerting too much control on the monetary side can lead to contradictory results at times.
On October 26th, 2010. See this statement in context.