Mr. Speaker, when the Governor of the Bank of Canada appeared before the Standing Committee on Finance, he acknowledged that maintaining the Canadian dollar involves some costs. In fact, David Dodge referred to a ten year horizon for adoption of a common currency.
This position is nothing new for the Bank of Canada, as last year the director of its international division wrote that “a common North American currency is not such a farfetched idea”.
On the eve of his economic statement, is the Minister of Finance going to take the Bank of Canada analysis into account and acknowledge that consideration must be given to the adoption of a common currency within the context of an integrated economy?