EFTA Document EFTA01461297

Bank effectively telling the market to keep pushing on an open door to a weaker CAD: 1. "The Canadian dollar has recently fallen to around 91 cents U.S., compared with the 97 cents U.S. assumed in the October Report (Chart 8). This depreciation likely reflects the improved growth prospects in the United States, as well as reduced safe-haven effects that had pushed the Canadian dollar higher in the aftermath of the global financial crisis. By convention, the Canadian dollar is assumed to r