Rise of the Canadian Dollar

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Written by:

Kelly A


Date added:

December 12, 2013








No of pages / words:

9 / 2373


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Because of Canada’s vast geographical diversity, it affected each province in different ways and forced the government to adapt to these changes. And since those changes occurred on a multi-industrial level and have not been felt equally across Canada, federal and provincial governments of Canada will need to step in and deal with affects of the rise of Canadian dollar to ensure prosperity and further economic growth of the country...
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And since each province has a different industrial structure, this effect reflected on provincial economies differently – “[exchange rate appreciation] crippled the manufacturing sector, based largely in eastern Canada, while the commodity-producing provinces in the west were more than compensated by the rise of export prices of oil and energy” (Brean...
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