Strong loonie a risk to recovery, Flaherty says

Canadian Finance Minister Jim Flaherty said on Wednesday he agreed with the Bank of Canada that intervention was a limited tool when it came to trying to drive down the value of the Canadian dollar

Canada’s finance minister raised the possibility on Tuesday of intervention in the currency market if the Canadian dollar’s sharp rise puts the fragile economic recovery at risk

Canada’s Finance Minister Jim Flaherty said China, with the world’s largest currency reserves of US$2.3-trillion, may be poised to buy Canadian dollars as it seeks to shield its reserves against the U.S. dollar’s decline.

Jim Flaherty, the Finance Minister, admitted Canada has only “limited" tools to tame the appreciation in the Canadian dollar.

A strong economy and demand for Canadian investments is pushing up the currency, not the risky speculation of 2007, says Canada's finance minister

Canada’s economic recovery could end up missing one key element — more jobs — unless Ottawa keeps the stimulus money flowing, Finance Minister Jim Flaherty says.

Marc Chandler submits:The Canadian dollar has completely recouped the pre-weekend slippage recorded on the back of disappointing jobs data.

The high Canadian dollar and the speed with which it is fluctuating are putting pressure on the manufacturing sector, Finance Minister Jim Flaherty said on Monday.