Comments on: The $1.10 Canadian dollar http://jaycurrie.info-syn.com/the-110-canadian-dollar/ One Damn Thing Leads to Another Sun, 07 Sep 2008 08:12:12 +0000 http://wordpress.org/?v=2.5 By: Dave http://jaycurrie.info-syn.com/the-110-canadian-dollar/#comment-23133 Dave Fri, 09 Nov 2007 23:37:55 +0000 http://jaycurrie.info-syn.com/the-110-canadian-dollar/#comment-23133 The thing I have wondered about is: Is it really in the US's interest to have a strong dollar (as much as everyone there talks about a "strong dollar policy"). The weak USD means that foreign imports are more expensive, exports are cheaper (which would continue economic growth). US Real GDP is still pretty strong (3.8% in Q2 and 3.9% in Q3). Fully agree that this is not good for Canadian manufacturers, but (my opinion from having worked in manufacturing) we have relied on a cheap dollar for too long. There is no excuse for not investing in the tech and equipment needed to improve productivity. The thing I have wondered about is: Is it really in the US’s interest to have a strong dollar (as much as everyone there talks about a “strong dollar policy”).

The weak USD means that foreign imports are more expensive, exports are cheaper (which would continue economic growth). US Real GDP is still pretty strong (3.8% in Q2 and 3.9% in Q3).

Fully agree that this is not good for Canadian manufacturers, but (my opinion from having worked in manufacturing) we have relied on a cheap dollar for too long. There is no excuse for not investing in the tech and equipment needed to improve productivity.

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