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To: sea_urchin who wrote (18522)6/5/2003 4:19:54 PM
From: Ahda  Respond to of 82369
 
Yes, but a declining currency also means cheap exports which, in turn, means more income and more employment. Canada competes with SA and Russia as a prime exporter of primary, especially mineral, products. So, if the CAD is too high then Canada doesn't get the business.

Canada dollar probably remains strong right now as she has both oil and gold i really don't know as she is definitely behind the 8 ball on exports.



To: sea_urchin who wrote (18522)6/5/2003 4:42:20 PM
From: sea_urchin  Read Replies (1) | Respond to of 82369
 
Phil > if the CAD is too high then Canada doesn't get the business.

Right now the CAD is one of the strongest currencies in the world. By your argument, this will give rise to an increase in Canada's standard of living. By my argument, we will see a fall in business profits, unemployment, loss of markets and widespread dissention about the government's economic policy.

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