Posted AT 8:21 PM EST on 20/09/07
Sink, swim or fly? Coping with a loonie at par
As the Canadian and U.S. dollars reach parity for the first time in more than 30 years, there are many complaints about the spectacular run-up's negative effects on exporters, specifically on manufacturers in Ontario and Quebec. The dollar's rise is being blamed for everything from sagging economic performance to lost jobs, while Finance Minister Jim Flaherty has exhorted Canadian firms to invest in new machinery and equipment to boost their productivity and international competitiveness.
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