Tuesday, May 22, 2007

Dodge says single currency 'possible'

WASHINGTON — Bank of Canada
Governor David Dodge says
North America could one day
embrace a euro-style single

But to get there, Canada, the
United States and Mexico must
first tear down barriers to
the free flow of labour,
which he pointed out
Monday have
“gotten a bit thicker”
in recent years.

Answering questions
from the audience after
a speech in Chicago,
Mr. Dodge said a single
currency was “possible.”

The idea of a common currency
has long been a subject of curiosity,
particularly among Canadian
academics, who see it as a
way to escape sharp gyrations
in the exchange rate.



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