The American Empire in a Changing World


Friday, November 23, 2012

''David Rosenberg supports loonie as reserve currency''

From FinancialPost

''David Rosenberg is throwing his support behind the Canadian dollar being included as a reserve currency at the IMF.

The chief economist and strategist at Gluskin Sheff + Associates noted that the loonie has already become a de facto global currency as central banks continue to add Canadian dollars to their reserve portfolios.

He said this reflects Canada’s growing importance in the global economy, its prudent monetary policy, a truly AAA sovereign rating and a pro-business majority government.''

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