Because of this movement in our currency, the price of these products in Canadian dollars fell by less than their world price in US dollars, thus reducing the negative impact on our exporters of commodities. Even more important was the incentive that the lower exchange rate provided to Canadian producers and exporters of non-commodity goods and services to expand their sales abroad.
This has made it possible to ease monetary policy somewhat more quickly this year than envisaged in the previous macroeconomic forecast. As a result, the Board has cut the key policy rate by 1 pp, to 15.5%. 2/3  BIS central bankers' speeches  What will the NBU’s monetary policy stance be in future?