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Canada's Flaherty says rapid C$ move a concern

Fri May 29, 2009 11:26pm IST
 
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TORONTO, May 29 (Reuters) - A rally in the Canadian dollar that took the currency to a seven-month high on Friday is being watched with concern, Canadian Finance Minister Jim Flaherty said.

"We're always concerned when there are fluctuations in the value of the Canadian dollar, and it has been relatively rapid in the past few weeks, and I know that the governor of the Bank of Canada is monitoring that as it's his job," he told reporters in Toronto. (Reporting by Jennifer Kwan, writing by Jeffrey Hodgson; editing by Peter Galloway)

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