Canada pushes G20 for current account targets

OTTAWA, Nov 5 (BestGrowthStock) – Canada wants the G20 to agree to
targets for current account imbalances as a central part of an
action plan adopted at a leaders’ summit in Seoul next week, a
government official said on Friday.

Ottawa is also looking for more progress on the issue of
exchange rates, particularly by China which it says should let
its currency appreciate more freely.

“We fully support the adoption of a current account
target,” a government official told reporters in a briefing.

“Some have talked about current account targets. Others
would like more practical things to occur, but I think we’re
going into this with a position that yes, we do need to move
the yardsticks somewhat.”
(Reporting by David Ljunggren; writing by Louise Egan; editing
by Jeffrey Hodgson)

Canada pushes G20 for current account targets