Such variability is a natural reaction to shocks and a buffer for the real economy – and the variables that count, like employment, growth and prices. Movements in exchange rates are helping economies, including ours, make the adjustments that must take place. We’ve been in this situation before.
The Bank of Canada will continue to run an independent monetary policy, anchored by our inflation target, and we will use our tools to manage risks along the way. BIS central bankers’ speeches  5