Wighead on 18 March 2014
Akiran said:
The Bank of Canada decided to drop the dollar by 10 cents to keep its key interest rate steady, yet try to lower inflation. Thats what I see from articles I look up |
The Bank of Canada connot fix the exange rates of the currency as it is speculation that affects its value. The drop as to do with the american dollar going up, our interest rates staying low (due to the Bank of Canada) and primary ressources being sold below expectations due to a low chinese economic activity (they buy lots of our primary resources).
