COMMERCE 4SA3 Lecture Notes - Lecture 5: Loonie, Canadian Dollar

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Main argument: whether canada should switch its currency to be the same as usd and get rid of the canadian dollar just as many european countries have adopted the euro. Questions: governments want to retain sovereign right to control monetary policy because: It allows them direct ability to influence things like inflation, consumption, growth and liquidity. If they"re controlled by another currency, may be restricted to deliver certain things to society. If they"re dependant on another currency, they might feel they have less power over the way a country is run. Reduce foreign exchange risks for companies operating in those countries. There would be increased price transparency for consumers.

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