Thursday, 05 April 2012 15:12
Written by Mia Bennett
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| The Canadian dollar (loonie). Photo: Jonathan Hayward, The Canadian Press. |
In early March, a few outspoken voices in Iceland, a country not known for its stable economy in recent years, floated the idea of switching from the krona to the Canadian dollar. The leader of the opposition Progressive Party, Sigmundur Gunnlaugsson, said, "If we are going to adopt another currency, then the Canadian dollar looks very promising."
Canada's ambassador to Iceland, Alan Bones, told RUV, the Icelandic National Broadcasting Service, that his government would be open to discussing the issue. Yet a few days later, his speech at a meeting of the Progressive Party was cancelled, reportedly by Ottawa.