The following is excerpted from the 6 May 2011 edition of Reuters Canada.

Bank of Canada Governor Mark Carney said on Friday that a robust Canadian dollar has sapped a lot of the country's manufacturing competitiveness by raising costs of its exports in foreign markets.

"Certainly our competitiveness in manufacturing has gone down a tremendous amount, not just versus the United States where there has been a sharp rebound ... but also vis-a-vis third countries as well," Carney said on CNBC television during an interview from Helsinki, Finland...

This article is available in its entirety on the Reuters Canada website at:

http://ca.reuters.com/article/businessNews/idCATRE7453EH20110506

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