Rising Exchange Rate / Strong Canadian Dollar

"Loonie Tunes"

Statistics Canada published a feature article in the March edition of the Canadian Economic Observer called “Study: Loonie Tunes: Industry Exposure to the Rising Exchange Rate”; the article was written by Z. Ghanem and P. Cross. What industry is the big winner with a strong Canadian dollar? According to the summary, it’s the construction industry. Also, the “best-positioned industries are those that use large amounts of imported inputs and sell mostly in domestic, not export, markets”.

Check out the complete March edition of the Canadian Economic Observer to review current economic conditions, February economic events, tables and charts (e.g. GDP, CPI, trade volumes, labour force stats, etc.) as well as the feature article.

Posts on the Rising Canadian Dollar and Small Business

Want to review previous posts on the rising Canadian dollar and the affects on small business? Please see:

February 5/08 post called “More on “How will a strong Canadian dollar affect small business”?"

and

November 5/07 post called “How will a strong Canadian dollar affect small business?”