The rising dollar: explanation and economic impacts (volume 2)
Description
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This report analyzes the sharp appreciation of the Canadian dollar in 2003, its underlying causes, and its economic consequences. It explains factors influencing exchange rates—such as commodity prices, interest and inflation differentials, and U.S. economic weakness—and assesses impacts on trade, investment, competitiveness, employment, and productivity. While acknowledging short-term challenges for exporters and manufacturing, the report notes potential benefits like cheaper imports, improved purchasing power, and productivity gains. It concludes that Canada’s flexible exchange rate regime remains the best option for economic stability.
Resources
| Name |
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Description |
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| The rising dollar: explanation and economic impacts (volume 2) - 2003 |
PDF |
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/data/dataset/bd11a968-1da8-47b9-b617-e1895eb7c256/resource/da8a5568-4de7-4f2c-9ed3-5f92e0158ad3/download/yc23-0-372-6-eng.pdf |
| The rising dollar: explanation and economic impacts (volume 2) - 2003 |
PDF |
|
/data/dataset/bd11a968-1da8-47b9-b617-e1895eb7c256/resource/f5d9f14c-318a-4b89-8e82-c50cdd860928/download/yc23-0-372-6-fra.pdf |