Very encouraged with that news up here, I mean the dollar news, the fence stuff not too many here read supermarket tabloid stuff, it takes away from realistic issues, ya know.
But our currency shot up from about 0.93 cents to as high as a 1.30 because of the 2008 financial disaster, it has been extremely high throughout this downturn. Which quite frankly, really impacted our ability to compete given that our goods and services produced were so much more expensive.
We became very expensive to American consumers and businesses.
But we still managed our economy efficiently, even with that huge head-wind against us.
Our government allowed businesses to write off new investment in technology and productivity investments a lot faster to encourage our industry in becoming more efficient. They were saying it was best given that our dollar appreciated over 40% during this downturn...
and our economy held, grew and improved...
Now with the dollar down and going lower (we hope), manufacturing and producers are having a much easier time competing against other countries companies, mostly American, as the dollar now is in our competitive favour.
Isn't it amazing what can be accomplished when you have a reasonable, Conservative government in power.
Times are a changin'
There getting easier for Canada to compete,
Cheers man (ROFLMAO, man try harder dude, LOL)
"evil flourishes when good people fail to act"
