Second is to conduct strategic regional economic research concerning the opportunities and potential of the regional economy, preparedness in welcoming AEC 2015, MDG achievements, the effect of climate change on the economy and the welfare of the people, the production and distribution network, the structure-conduct-performance of industries, as well as the development of cultural and social capital.
We allowed the market to set its own level for the currency, with the intention of re-fixing the Canadian dollar at a new level later on. What was surprising was just how quickly the speculative flows eased once we floated our currency. As it turned out, the Canadian dollar appreciated by just 5 per cent during the following three months.