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Dodge says single currency 'possible'

WASHINGTON — Bank of Canada Governor David Dodge says North America could one day embrace a euro-style single currency.

But to get there, Canada, the United States and Mexico must first tear down barriers to the free flow of labour, which he pointed out Monday have “gotten a bit thicker” in recent years.

Answering questions from the audience after a speech in Chicago, Mr. Dodge said a single currency was “possible.”

The idea of a common currency has long been a subject of curiosity, particularly among Canadian academics, who see it as a way to escape sharp gyrations in the exchange rate.

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Added: May-22-2007 
By: neverknwo
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