I'll jump in. I certainly read the speech. He's absolutely right. The Bank of Canada cannot control the exchange rate. It simply can't, so there's no point in even trying.
On September 29th, 2014. See this statement in context.
On September 29th, 2014. See this statement in context.
September 29th, 2014 / 4:55 p.m.
Senior Fellow, Macdonald-Laurier Institute
I'll jump in. I certainly read the speech. He's absolutely right. The Bank of Canada cannot control the exchange rate. It simply can't, so there's no point in even trying.
See context to find out what was said next.