There’s been alot of press as to what this means to the Canadian economy, some say it will hurt Canada’s exports. I personally agree with Canadian billionaire Jimmy Pattison that it will ultimately be good for Canada. The Jimmy says in this article in The Globe and Mail that it force Canadian businesses to be more competitive. I think Canada tends to rest on its laurels too often and as of late as been relying on its manufacturing and natural resources. I hope the new currency strength will make Canada’s economy more modern and competitive.
Canadian dollar reaches parity