Monday, November 5, 2007

How will a strong Canadian dollar affect small business?

Here are a few good links about the effects of a strong Canadian dollar on small business:

This Toronto Star article from Oct.11/07 written by Thulasi Srikanthan discusses the competitive pressures brought on by the rising loonie:
http://www.thestar.com/Business/SmallBusiness/article/265052

Below is a TD Economics report, also from Oct.11/07, that reviews the outlook for five key external factors impacting the health of Canadian small business: the prospects for sales, competition, labour markets, non-labour costs and the climate for investment. The report, authored by Craig Alexander, is called Small Businesses to Benefit from Solid Domestic Demand, but Challenges Call for Innovative Thinking. Here's the executive summary and press release: http://www.td.com/economics/special/ca1007_sb_pr.pdf

Here's the full report: http://www.td.com/economics/special/ca1007_sb.pdf

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