PETERBOROUGH, Ont. - Stephen Harper's former parliamentary secretary is criticizing the government and the Bank of Canada over monetary policy. Dean Del Mastro says the prime minister, Finance Minister Jim Flaherty and the central bank have all encouraged a devaluation of the dollar. He told Peterborough radio station C-K-R-U that recent comments by Flaherty and Bank of Canada Governor Stephen Poloz have had the effect of reducing the currency's value by about five per cent. Del Mastro was one of the most fiercely partisan Conservatives in the caucus. But last year he was charged under the Elections Act with improper election spending and subsequently resigned from caucus. Del Mastro , who still claims he did nothing wrong, says a devalued dollar means higher costs for Canadians. Others, however, argue that a lower loonie can boost Canadian exports. The dollar closed out last week at 90.31 cents U-S. ( The Canadian Press )
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