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In the Media · The Globe and Mail

Sustained lower loonie crucial to Ontario manufacturing sector, economists say

Jan 14, 2015

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As oil prices decline, the Canadian dollar drops, and American economy resurges, Canadian manufacturers have to work to pick up the slack.

"There were many companies that got burned in the late ’90s counting on a low exchange rate," Professor Mike Moffatt said. "Manufacturers have become very risk-averse."