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> The Canadian dollar has collapsed VS the USD This might be splitting hairs, but I think this is more about the strength of USD than the weakness of CAD. I do
by mkipper 2y ago
> The Canadian dollar has collapsed VS the USD
This might be splitting hairs, but I think this is more about the strength of USD than the weakness of CAD. I don't know that you can say CAD has "collapsed" when every other major currency has seen a similar (or worse) drop compared to USD over the last 10 years.
- johnny_canuck 2y agoIt always is this. Same reason the CAD was at parity during the financial crisis.
- cmrdporcupine 2y agoAfter 2008 we also "benefited" from very high oil prices which drove the dollar higher That high dollar didn't do any positive things for Ontario & Quebec's export oriented manufacturing sector though, which is why I put "benefited" in quotes.