Bank of Canada

Bank of Canada: She said "persistent headwinds" could mean that "some degree of stimulus" will be needed to keep inflation on target, even after the economy returns to full capacity. Stephen Poloz explains why he won't tinker with Canadian dollar Central bankers can't fix the economy: Don Pittis , according to Canadian Broadcasting Corporation, CBC. Last week, the Bank of Canada said it would continue a hands-off approach regarding the loonie , saying that trying to interfere with the direction of the currency would hurt the bank ability to pursue independent monetary policy. Canada struggling economy still needs the extra boost of monetary stimulus to help keep the recovery on track, and it might take longer than expected to get there, Bank of Canada senior deputy governor Carolyn Wilkins said Monday. The Canadian dollar headed lower after her remarks, down 0.70 of a cent to 90.65 cents US. (news.financializer.com). As reported in the news.