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Canada says lofty C$ has forced economy to adjust

Mon Feb 4, 2008 9:06pm IST
 
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OTTAWA, Feb 4 (Reuters) - The high value of the Canadian dollar is causing significant adjustments in the Canadian economy, a senior Canadian finance official said on Monday.

The comments, made during a briefing ahead of the meeting of Group of Seven finance ministers and central bank governors that starts in Tokyo on Saturday, came less than a week after the Canadian dollar topped parity versus the U.S. dollar and neared a four-week high. (Reporting by Louise Egan. Writing by Frank Pingue; Editing by Peter Galloway)

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