On Monday, Bank of Canada Gov. David Dodge told the Chicago Council on Global Affairs that North America could one day move toward a euro-style currency.
Dodge's comments add to a growing list of comments from Canadian economists, academics and government officials supporting the idea of creating the amero as a North American common currency.
Dodge argued a common North American currency would help buffer the adverse effects of exchange rate fluctuations between the Canadian dollar and the U.S. dollar.
Currently, the Canadian dollar has surged to a 30-year high against the U.S. currency, a move Dodge noted makes Canadian products a lot less competitive for export to the U.S., Canada's major foreign market.
"In the past two months alone," Dodge told the group in Chicago, "the Canadian dollar is up about 8 percent against the U.S. dollar, and is now worth more than 91 cents (U.S.)."
In October 2006, El Universal, a Mexican newspaper published in Spanish, reported in a little-noticed article the then-president-elect of Mexico and Canadian Prime Minister Stephen Harper in their first meeting together shared a vision of a future North America united under a common currency.
El Universal reported Gilles Duceppe, the leader of the ...   more »