Web exclusive: Carney sees recovery starting

Canada's economic recovery remains on track, although those gains are threatened by the strong loonie, Bank of Canada Governor Mark Carney said Thursday evening in New York.

In a speech to the Foreign Policy Association, Carney predicted that the U.S. dollar will remain the world’s reserve currency for the foreseeable future. He also warned that managed currencies – such as the Chinese yuan – could hold back the global economic recovery.

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