Affects of a Rising Canadian Dollar
Canadian companies rely on exports to the United States. 40% of the C$1.1 trillion Canadian economy is made up of exports. Since the Canadian dollar is rising as compared to the US dollar, they get fewer Canadian dollars on the sale to cover their expenses at home. This is affecting the Canadian economy.
Laura Luchsinger
11/13/2003
Canadian companies rely on exports to the United States. 40% of the C$1.1 trillion Canadian economy is made up of exports. Since the Canadian dollar is rising as compared to the US dollar, they get fewer Canadian dollars on the sale to cover their expenses at home. This is affecting the Canadian economy.
Laura Luchsinger
11/13/2003
