The situation in Canada seems to be rather difficult and this conclusion comes out of the statement of the main banker of Canada. As it was mentioned in the statement of the governor of Bank of Canada, the Canadian economy is at risk of being damaged by the currency war and nothing good will result from cooperation of manipulators to boost all the export.
The present governor of Bank of Canada announced this confirmation when speaking to a Canadian parliamentary committee. Before this announcement, Jim Flaherty had an honor to sing that statement of Group of Seven confirming manipulation of exchange rate. The statement was already mentioned during the meeting of G20 in Moscow and tries to make countries to work out the monetary policy in accordance with the domestic needs but not to get the most profitable position in the market of goods and services.
That is why the countries need to use all the possible measures to suppress the economic recession and to become more efficient in solving all the possible issues. Besides, the countries need to play according to the rules recognized by all the countries.
Source: http://www.paydayloansmag.com/canadian-economy-decline-as-result-of-currency-rate-war/
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