Posted AT 5:05 AM EDT on 28/04/06
Dodge sounds alarm
Inflationary pressure in Canada is probably at the point where it will start to boil over unless the Bank of Canada takes action, central banker David Dodge said yesterday in what was among his most hawkish comments of late.
The comments came at the end of a day of frantic currency trading, during which markets bid up the Canadian dollar above 89 cents (U.S.), a level that has not been reached in more than 14 years. Traders zeroed in on comments from the Bank of Canada and the U.S.
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| Market | Change | Value |
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