This is because their impact on Canadian aggregate demand would serve to offset the initial direct changes in global demand for our goods and services. And this would help to keep overall supply and demand in balance. So what can we say about the appreciation of the Canadian dollar?
Monetary policy framework of the ECB Finally, financial markets will need to take into account the monetary policy framework of the ECB. The monetary policy framework of the ECB has been built so as to be very efficient for transmitting monetary policy, while at the same time being as neutral as possible with regard to financial structure.