|US$/CAN$ closing rate summary|
|Latest||(2013-06-18) - $1.0210|
|Past 12 months|
|High||(2013-05-28) - $1.0395|
|Low||(2012-09-13) - $0.9683|
|From 1950 to present|
|High||(2002-01-18) - $1.6125|
|Low||(2007-11-06) - $0.9215|
Bank of Canada Governor Stephen S. Poloz discusses the structural damage to the Canadian economy caused by the crisis, and the need to rebuild Canada’s economic capacity and strengthen business confidence.
The Governing Council judges that the risks to the Canadian financial system have decreased somewhat relative to the December FSR, but that the overall level of risk remains high. The key risks are similar to those highlighted in December, and emanate primarily from the external environment.
The Bank of Canada today announced the appointment of Lynn Patterson as Special Adviser to the Governor.
Bank of Canada Governor Stephen S. Poloz discusses the current economic context and how that is influencing the Bank’s work of delivering confidence.