Dollar devaluation urged by Canadian banker cites US deficit
In a Toronto interview, Canadian Imperial Bank of Commerce executive R E Harrison predicts a renewed dollar devaluation as the world funds the US balance of payments gap. He sees the dollar losing discipline and suggests a future banded float for the Canadian dollar after the US election. He questions if any currency could replace the dollar in international trade.
MENTIONED IN THIS ARTICLE
Carl W. Ritter Capley
Canada
R. E. Harrison
Canadian Imperial Bank of Commerce
Toronto
U. S
Harrison
United States
U.S
Avco Corp
Beau
Enico Bath
Briel
Carrie Harrison
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