Exchange rates and their effect on Canadian exports
J.P. Gervais, explains the relationship between exchange rates and Canadian exports and why Canada remains competitive despite the declining dollar.
- Exchange rates, while a major player, are not the only factor that defines the Canadian export market
- Canada remains one of the most competitive nations for exports and imports despite the declining dollar
- The effects of exchange rates differ depending on sectors and countries
- Profits from diversified exports (crops) depend less on exchange rates than exports going to mainly one area (livestock)