The Rising Canadian Dollar
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The paper relates that in 2007, the Canadian dollar rose approximately 25%, to attain a rough parity with the American dollar for the first time in decades. This paper examines the causes and effects of this rising dollar for the Canadian economy. The thesis is argued that this increase in the value of the Canadian dollar damaged the manufacturing and foreign export trading sectors of the Canadian economy, as it eliminated a primary element of Canada's competitiveness, while strengthening the energy sector.
From the Paper:"In 2007 the Canadian dollar rose approximately 25%, to attain a rough parity with the American dollar for the first time in decades. The effects of the rising Canadian dollar have not been felt equally across the county. This essay will examine the effects of this rising dollar on local industry in two different provinces - Alberta and Ontario - and the roles of both provincial and federal governments in dealing with these unequal effects. The thesis will be argued that regardless of industry or province, this increase in the value of the Canadian dollar damaged the..."
Cite this Analytical Essay:
The Rising Canadian Dollar (2008, December 01) Retrieved July 12, 2020, from https://www.academon.com/analytical-essay/the-rising-canadian-dollar-137120/
"The Rising Canadian Dollar" 01 December 2008. Web. 12 July. 2020. <https://www.academon.com/analytical-essay/the-rising-canadian-dollar-137120/>