Quote:
Originally posted by Manga1
Sorry Fletch, but you have no idea what you're talking about. Canada's economy relies on a weak dollar because it attracts investment from places like the United States. US companies spend a ton of money in Canada precisely because it's a better deal for them. The weak Canadian dollar is what puts food on Canadian tables. We are not the United States. We are essentially a branch plant economy and as such need to attract foreign (US) investment. If the Canadian dollar rises too high, it will discourage this investment.
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Yep.. Like Masked Man said, it makes our products less appealing to the US market, there are a lot of US companies that have branches up here to keep costs lower, etc. AMEN.