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CAD: another warning
23 Oct, 2009 @ 11:40 am ET | written by UBS News and Research Update
BoC Governor Carney reiterated that the strong CAD will act as a significant further drag on growth. Carney said intervention is always an option for the BoC, but the bank's target is inflation and not a specific level of CAD. We continue to expect USDCAD to hover around 1.05.
UBS Wealth Management Research
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