The document discusses the recent depreciation of the Canadian dollar and its implications for the Canadian economy. It highlights factors contributing to the currency's depreciation, such as improved U.S. growth prospects and reduced safe-haven effects. The memo also addresses the impact on Canadian exports, inflation, and investment, noting potential competitiveness challenges and risks to export growth.
documents/vol00010-efta01461297-pdf.pdf
{"key_people":["Alan Ruskin"],"document_type":"correspondence","key_locations":["Canada","United States"],"document_subtype":"memo","key_organizations":["Bank of Canada"]}