The Canadian economy has increased over the last few years with a lower valued dollar. Economists have been debating for decades on whether the Canadian economy would be better off with a lower dollar opposed to a higher valued dollar. The Canadian dollar has been volatile since 1920, and has brought both positive and negative effects to Canadian industries, primarily those involved in trade. Unemployment and interest rates have also faced major changes due to fluctuation, …
showed first 75 words of 1248 total

showed last 75 words of 1248 total
…vitality. The wealth of a country depends on the amount of real resources it has at its disposal and how efficiently it uses them. High levels of employment, stable interest rates, and international relations are some of the basic ingredients of domestic prosperity. Although the issue is still part of an ongoing debate, the Canadian dollar should be established at a value that would not damage exports, or interest rates, while increasing imports and employment.