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Originally Posted by Wookie
But who were they targeting? And why?
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I'll have to see if I can find some articles in the good ol' interweb.
Actually, I'll give you the present interest rate situation right now as a good example. Over the past few months, the Canadian Dollar has risen as the US Dollar has fallen. The BoC has therefore changed their stance on interest rates from neutral-increase to neutral-decrease. This is strictly done to help the Canadian export industry, in a bid to make the Canadian Dollar less attractive to investors and thus lower its value. This benefits regions such as Ontario more than regions such as Alberta, where it simply exacerbates inflationary problems here because capital is very cheap.