No. According to the scenario you outlined, if the rate of the dollar increases due to the demand for commodities from emerging countries, the appreciation of the dollar will have a negative impact on other sectors of the Canadian economy.
January 30th, 2008 / 4:20 p.m.
Senior Deputy Governor, Bank of Canada
No. According to the scenario you outlined, if the rate of the dollar increases due to the demand for commodities from emerging countries, the appreciation of the dollar will have a negative impact on other sectors of the Canadian economy.
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