I toyed with the title of this post for a while, and ultimately
settled on the current iteration, because it reflects the battle that is
being waged between the Bank of Canada and the forex markets. Simply,
the Loonie is moving in one direction (up!), while the BOC would prefer
that it moves in the opposite direction.
Let’s start with some context: the Canadian Dollar’s performance this
year has been impressive, to say the
China’s Economic Recovery and the RMB
Wednesday, September 9, 2009
By now, the notion that the nascent global economic recovery is being
and will continue to be led by China has become cliche. The NY Times
summarized: “In past global slowdowns, the United States invariably led
the way out, followed by Europe and the rest of the world. But for the
first time, the catalyst is coming from China and the rest of Asia,
where resurgent economies are helping the still-shaky West recover from
the deepest recession since World War II.”
China’s Economic Recovery and the RMB
By now, the notion that the nascent global economic recovery is being
and will continue to be led by China has become cliche. The NY Times
summarized: “In past global slowdowns, the United States invariably led
the way out, followed by Europe and the rest of the world. But for the
first time, the catalyst is coming from China and the rest of Asia,
where resurgent economies are helping the still-shaky West recover from
the deepest recession since World War II.”
China’s Economic Recovery and the RMB
By now, the notion that the nascent global economic recovery is being
and will continue to be led by China has become cliche. The NY Times
summarized: “In past global slowdowns, the United States invariably led
the way out, followed by Europe and the rest of the world. But for the
first time, the catalyst is coming from China and the rest of Asia,
where resurgent economies are helping the still-shaky West recover from
the deepest recession since World War II.”
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