CANADA ECONOMICS: Bank of Canada Looks To Ease Policy In Order To Weaken Currency

by The Daily Lede

01:49 PM EDT, 05/02/2014 (MidnightTrader) — The Bank of Canada could ease policy to engineer additional weakness in the Canadian dollar, former BoC adviser David Wolf said in an interview with Bloomberg, as cited by Action Economics. Wolf, who has moved to Fidelity as a fund manger, is noted arguing that Canada’s economy is unbalanced after years of housing gains and consumer spending. He reportedly sees a weaker currency as the most efficient way to boost exports and business investment.