March 30, 2016 / 4:57 PM / a year ago

BRIEF-Canada's Morneau: effects of lower C$ may take longer to show

1 Min Read

March 30 (Reuters) -

* Canada Finance Minister Morneau: expected U.S. recovery remains a positive for Canada, "but only if it keeps growing"

* Morneau: ongoing financial market vulnerability can erode confidence; says "we are all watching China's rebalancing economy attentively"

* Morneau: positive effects of lower C$ may take longer to materialize as manufacturing sector adjusts after long period where currency was strong (Reporting by David Ljunggren)

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