8 ms·
> For some reasons some politicians really want to keep the CAD as low as possible? I think the value of CAD depends on BoC decisions, not politicians. They ca
by smnrchrds 6y ago
> For some reasons some politicians really want to keep the CAD as low as possible?
I think the value of CAD depends on BoC decisions, not politicians. They can increase its value, for example by increasing interest rates, but that would cause an increase in unemployment. I don't think there is a mechanism to increase value of CAD without also messing up some other part of the economy, e.g. employment or inflation.