BOC's Jenkins repeats concerns about C$

VANCOUVER | Thu Oct 8, 2009 4:57pm EDT

VANCOUVER Oct 8 (Reuters) - Bank of Canada Deputy Governor Paul Jenkins on Thursday repeated the central bank's stance that a persistently strong Canadian dollar would reduce real growth and delay the return of inflation to the bank's target.

Asked about the Canadian dollar at a business gathering in Vancouver, Jenkins repeated comments that he had delivered in a speech to the group a few minutes before.

"As I said in my remarks a persistently strong Canadian dollar, all else equal, does run the risk of lowering economic growth, and putting downward pressure on inflation," Jenkins said. (Reporting by Allan Dowd, editing by Jeffrey Hodgson)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.