January 29, 2014

When the Dollar Falls, Canada Loses

Philip Cross, Globe and Mail

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In its initial stages, the retreat of the Canadian dollar from parity with the U.S. greenback was treated by commentators as unambiguously positive for the Canadian economy, especially our allegedly beleaguered manufacturing sector. But as the loonie sinks below 90 cents (U.S.), doubts are starting to creep in.

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TAGGED: Dollar, United States, Canada

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