(Reuters) - Dodge made no comment on the most recent spurt in the Canadian currency or on the economic outlook but extolled the virtues of a floating exchange rate, which he says can help absorb shocks without costing jobs and output.
"In recent years, the demand for and the prices of Canadian commodity exports have been rising sharply. This has helped to create an economic boom, and investment flows into Canada have increased. Our floating dollar has appreciated sharply and thus has forced some necessary adjustments," he said.
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