News Headline Summary

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

Says:
- 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 (20:50)

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

10 Jan 2013 - 20:47 - - Source: Newswires

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