AmericasBank of Canada: rising C$ could hit export outlook, affect monetary policy
David LjunggrenJulie Gordon
3 minute read
If the buoyant Canadian dollar continues to rise it could create headwinds for exports and business investment as well as affecting monetary policy, Bank of Canada Governor Tiff Macklem said on Thursday.
The currency has jumped about 4% since the central bank updated its projections in April, driven by surging commodity prices. Canada is a major exporter of energy, lumber, minerals and agricultural products. It hit a six-year high on Wednesday. We ve highlighted that a stronger dollar does create some risk, Macklem told reporters after a speech to university students in his most detailed comments yet about the potential drawbacks of a more muscular currency.
Prince Harry s bombshell: I wanted out of Royal family job in my 20s
13 May, 2021 08:11 PM
5 minutes to read
Prince Harry during Global Citizen VAX LIVE. Photo / Getty Images
BANG! Showbiz
Prince Harry has compared his life to The Truman Show.
In a 90-minute interview with American actor Dax Shepard for his Armchair Expert podcast, the Duke spoke of his frustration at being born into the spotlight without a choice .
He compared his experiences to being in a zoo and the 1998 film - in which Jim Carrey played the titular character who was unaware he was born on a TV show and lives his entire life being watched by millions - which he insisted is a dangerous place to be .