January 28, 2011 / 10:37 AM / 7 years ago

Canada finmin sees reasons for resilient dollar

DAVOS, Switzerland (Reuters) - Canada’s dollar is likely to prove resilient on the back of relatively strong commodity prices and healthy public finances, Finance Minister Jim Flaherty said on Friday.

“We’re not going back to the old days, the Canadian dollar (at) 65 cents, 75 cents, that led to some inefficiencies in business,” Flaherty told Reuters Insider TV on the sidelines of the World Economic Forum in Davos.

“The fiscal fundamentals of the country are strong, commodity prices for the most part, including agriculture prices are relatively strong, so there are good reasons for the dollar to have some resilience.”

For full interview, click on link.reuters.com/peg67r

Reporting by Steve Clarke, writing by Patrick Graham

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