Finance Minister of Canada: The recent strength of the Canadian dollar is a clear reflection of the strength of our economy

13 Sep 2017 02:10 PM

Bill Morneau, Canadian Finance Minister, made the following statement:

  • The recent strength in the Canadian dollar is a clear reflection of the strength of the Canadian economy.
  • The economy is showing continued strength even with the current Canadian dollar valuation.
  • We carefully monitor any pressures that may be placed on the household due to higher interest rates.
  • We are also monitoring the housing market to follow signs of stability after government measures to curb prices and ensure that Canadians do not have to bear much debt of mortgages.

The Canadian dollar has risen more than 13% since the beginning of May to reach its highest level in more than two years last Friday.

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