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Monday , 25 January 2021

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How Much Higher Can the Canadian "Loonie" Soar Before Its Economy Gets Singed?

Booms — and the boom in Canadian commodities is no exception — are seldom without their unintended costs....[As the Canadian dollar appreciates versus the U.S. dollar, and with the U.S. as] its largest trading partner, falling Canadian exports could well induce a secular decline in the Canadian manufacturing base. Indeed, as the loonie soars, the inevitable question is: "How much higher before its economy gets singed?" Words: 528

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