News Headline Summary

BoC's Senior Deputy Governor Macklem says Canada economic growth to pick up in 2013; economic momentum appears softer than seen

- May want to set interest rates higher than would otherwise be warranted to bring inflation back to target within 2 years
- Reiterates CAD has been persistently strong.
- Canada must be among leaders in adopting new, stronger global financial standards.

Reaction details:

- In reaction to these comments USD/CAD fell 10 pips from 0.9846 to 0.9836.

Print 20:50, 10 Jan 2013 - BoC - Source: Newswires