Bank of Canada planning changes to foreign exchange rates.
Global Banking News-March 25, 2014--Bank of Canada planning changes to foreign exchange rates
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Global Banking News - 25 March 2014
The central bank of Canada is said to be considering changes to the foreign exchange rates that it posts.
An official with the bank said that there was no evidence of market manipulation affecting the rates that the bank posts on its website.
Deputy governor, Tim Lane, said, 'We are reviewing these rates and considering any changes that may be appropriate. We will examine how these posted rates are currently used by market participants to see how any possible changes could affect market functioning.'
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