The Canadian dollar has been very comfortable at par for quite some time. So much so, that it well and truly was the new normal. Recently, however, a few factors have converged to pressure the loonie’s value. The question is, is this a blip or a trend, and who wins and who loses in the Canadian economy will a lowered dollar?
Glen Hodgson, with the Conference Board of Canada, took the time to sit down with Shaun Haney, founder of RealAgriculture, to talk currency risk. It’s not always the most exciting of conversations, we know, but Hodgson does a fantastic job of laying out which industries may do very well with the lower loonie and how far it may fall. What’s more, Hodgson’s paints a very vivid picture of the state of the U.S. economy and whether or not recovery is set to continue. All that and more below.
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