Source: http://www.cbc.ca/news/world/falling-loonie-means-just-more-milking-of-canadian-consumers-neil-macdonald-1.2513237
Prepare yourself folks! See just how much our economy and purchase power is affected when the Canadian dollar is low. I see strengths and weaknesses, highs and lows with a dollar that is at 90 cents to the US dollar. We have all heard of industries that thrive at a booming dollar and a looming dollar, and it is just that. There is no even playing field here, we need to accept change in business and allow other industries to excel in times of high points and low points. The article I have sourced, is referring to allowing international trader's and consumer's to take advantage of our sloping dollar, this is just what we need. Canada could provide strength in numbers at the end of 2014, with a higher GDP (Gross domestic product) allowing or dollar to reverse its course. The article shows who the winners and losers are, and the reflection one has on the other. This is why no one is upset, it happens to be what I like to call a Rest & Recovery period. One industry rests, while the other recovers. It is a forever changing market, and it fascinates me!
I like how you call it the "Rest & Recovery period." I can remember when the Canadian dollar was at just fifty cents, compared to the American dollar and as it increased, we seen a decreasing economy. Americans stopped purchasing products from Canada and we seen less tourists from the States. It was an awesome opportunity for Canadian shoppers to take advantage of the high value of the Canadian dollar, but definitely a disadvantage for businesses.
ReplyDeleteI think we ALL need a little R & R :)
ReplyDeleteVery good observations you two!!!! Keep it up!