On the contrary, we monitor the exchange rate closely to assess the effects of currency movements on aggregate demand for Canadian goods and services, and the consequences for future inflation. The fact is that the exchange rate is an important price in the Canadian economy.
conventions in government bonds and T-bills markets concerning settlement date, definition of business days and day count basis, coupon frequency and coupon calculation methods are almost completely harmonized across euro area countries today (see slide 7  1  See "Yield Differentials in the Future EMU", Monetary Review, May 1997, Danmarks Nationalbank, for a pre-1999 analysis of expected EMU spreads based on evidence from Canadian provinces.