The Governor of the Bank of Canada, Mark Carney, and the Minister of Finance, Jim Flaherty, argue that other countries should make more efforts to stabilize the global economy. Canada has done what it was, they said at a meeting of G-7. The main challenge of reducing economic imbalances among the major powers. Mark Carney, has argued that the United States should work to reduce its debt while Mr. Flaherty said that Asian currencies should move more freely.
"There is no question that Canada contributes more," Mark Carney cut. The G-7 has reiterated that "excess volatility and disorderly movements in trade threaten the economic recovery. The instability of the U.S. dollar plumbs the economic recovery. For example, the U.S. dollar has lost 14% of its value versus the Canadian dollar. The weak greenback concern the Minister of Finance of Canada notes that the decline in exports that it has generated has plunged the economy.
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