Chart 7B: The effect of further policy divergence is modest if the exchange rate risk premium is kept constant https://www.bankofcanada.ca/?p=244080 x Baseline scenario Scenario with wider divergence 00.703304480.70289935 10.703309180.70248578 20.703314110.70205894 30.703319250.70161847 40.703324600.70120137 50.703330180.70112259 60.703335960.70104381 70.703341960.70096502 80.703348180.70088624 90.703354600.70080746 100.703361230.70072867 110.703368080.70064989 120.703375130.70057111 130.703382380.70049232 140.703389850.70041354 150.703397510.70033475 160.703405380.70025597 170.703413450.70017719 180.703421730.70009840 190.703430200.70001962 200.703438870.69994084 210.703447740.69986205 220.703456800.69978327 230.703466060.69970449 240.703475510.69962570 250.703485160.69954692 260.703495000.69946814 270.703505030.69938935 280.703515250.69931057 290.703525660.69923179 300.703536260.69915300 310.703547050.69907422 320.703558020.69899544 330.703569180.69891665 340.703580520.69883787 350.703592040.69875909 360.703603740.69868030 370.703615630.69860152 380.703627700.69852274 390.703639940.69844395 400.703652360.69836517 410.703664960.69828639 420.703677740.69820760 430.703690690.69812882 440.703703820.69805004 450.703717120.69797125 460.703730590.69789247 470.703744230.69784471 480.703758050.69779695 490.703772030.69774919 500.703786180.69770144 510.703800500.69765368 520.703814990.69760592 530.703829640.69755816 540.703844460.69751040 550.703859440.69746265 560.703874580.69741489 570.703889890.69736713 580.703905360.69731937 590.703920990.69727161 600.703936780.69722386 610.703952730.69717610 620.703968840.69712834 630.703985100.69708058 640.704001520.69703282 650.704018100.69698507 660.704034830.69693731 670.704051720.69688955 680.704068750.69684179 690.704085950.69679403 700.704103290.69674628 710.704120780.69669852 720.704138430.69665076 730.704156220.69660300 740.704174160.69655524 750.704192250.69650749 760.704210490.69645973 770.704228870.69641197 780.704247400.69636421 790.704266070.69631645 800.704284880.69626870 810.704303840.69622094 820.704322950.69617318 830.704342190.69612542 840.704361570.69607766 850.704381100.69602991 860.704400760.69598215 870.704420560.69593439 880.704440500.69588663 890.704460580.69586465 900.704480800.69584266 910.704501150.69582068 920.704521630.69579869 930.704542250.69577670 940.704563010.69575472 950.704583900.69573273 960.704604920.69571075 970.704626070.69568876 980.704647350.69566678 990.704668760.69564479 1000.704690310.69562281 1010.704711980.69560082 1020.704733780.69557884 1030.704755710.69555685 1040.704777760.69553487 1050.704799950.69551288 1060.704822260.69549090 1070.704844690.69546891 1080.704867250.69544693 1090.704889930.69542494 1100.704912740.69540295 1110.704935660.69538097 1120.704958710.69535898 1130.704981890.69533700 1140.705005180.69531501 1150.705028590.69529303 1160.705052130.69527104 1170.705075780.69524906 1180.705099550.69522707 1190.705123440.69520509 1200.705147450.69518310 1210.705171570.69516112 1220.705195810.69513913 1230.705220160.69511715 1240.705244630.69511831 1250.705269220.69511947 1260.705293920.69512063 1270.705318730.69512180 1280.705343650.69512296 1290.705368690.69512412 1300.705393840.69512529 1310.705419100.69512645 1320.705444470.69512761 1330.705469950.69512877 1340.705495540.69512994 1350.705521240.69513110 1360.705547050.69513226 1370.705572970.69513343 1380.705598990.69513459 1390.705625120.69513575 1400.705651360.69513691 1410.705677700.69513808 1420.705704150.69513924 1430.705730700.69514040 1440.705757360.69514157 1450.705784120.69514273 1460.705810990.69514389 1470.705837950.69514505 1480.705865020.69514622 1490.705892190.69514738 1500.705919470.69514854 1510.705946840.69514971 1520.705974320.69515087 1530.706001890.69515203 1540.706029570.69515319 1550.706057340.69515436 1560.706085210.69515552 1570.706113180.69515668 1580.706141250.69515785 1590.706169410.69515901 1600.706197670.69516017 1610.706226030.69516133 1620.706254480.69516250 1630.706283030.69516366 1640.706311680.69516482 1650.706340410.69516599 1660.706369250.69516715 1670.706398170.69516831 1680.706427190.69516947 1690.706456300.69517064 1700.706485500.69517180 1710.706514800.69517296 1720.706544190.69517413 1730.706573660.69519535 1740.706603230.69521657 1750.706632890.69523780 1760.706662640.69525902 1770.706692470.69528025 1780.706722400.69530147 1790.706752410.69532270 1800.706782510.69534392 1810.706812700.69536515 1820.706842980.69538637 1830.706873340.69540760 1840.706903790.69542882 1850.706934330.69545005 1860.706964950.69547127 1870.706995660.69549250 1880.707026450.69551372 1890.707057330.69553495 1900.707088290.69555617 1910.707119330.69557740 1920.707150460.69559862 1930.707181670.69561985 1940.707212960.69564107 1950.707244330.69566229 1960.707275790.69568352 1970.707307330.69570474 1980.707338940.69572597 1990.707370640.69574719 2000.707402420.69576842 2010.707434280.69578964 2020.707466220.69581087 2030.707498240.69583209 2040.707530330.69585332 2050.707562510.69587454 2060.707594760.69589577 2070.707627090.69591699 2080.707659500.69593822 2090.707691980.69595944 2100.707724540.69598067 2110.707757180.69600189 2120.707789900.69602312 2130.707822680.69604434 2140.707855550.69606557 2150.707888490.69608679 2160.707921500.69610801 2170.707954590.69612924 2180.707987750.69615046 2190.708020990.69617169 2200.708054300.69619291 2210.708087680.69621414 2220.708121130.69623536 2230.708154660.69625659 2240.708188260.69627781 2250.708221930.69629904 2260.708255670.69632026 2270.708289480.69634149 2280.708323360.69636271 2290.708357320.69639604 2300.708391340.69642936 2310.708425430.69646268 2320.708459590.69649601 2330.708493820.69652933 2340.708528120.69656265 2350.708562490.69659598 2360.708596930.69662930 2370.708631430.69666262 2380.708666000.69669594 2390.708700640.69672927 2400.708735350.69676259 2410.708770120.69679591 2420.708804960.69682924 2430.708839860.69686256 2440.708874830.69689588 2450.708909870.69692921 2460.708944970.69696253 2470.708980140.69699585 2480.709015370.69702918 2490.709050660.69706250 2500.709086020.69709582