July 6, 2015

The Seductive Myth of Canada’s “Overvalued” Dollar

June 25, 2013 – Christopher Ragan

A confluence of factors promises to put pressure on the new Bank of Canada governor to direct monetary policy at fixing Canada’s so-called “overvalued” currency, according to a report released today by the C.D. Howe Institute.  But in “The Seductive Myth of Canada’s “Overvalued” Dollar,” author Christopher Ragan provides two strong arguments against doing so: the importance of the Bank’s focus on inflation, and the weakness of the “overvalued” dollar argument. 

For the report go to: http://www.cdhowe.org/pdf/e-brief_158.pdf