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Canadian dollar continues to climb

  • Toronto Star
  • |
  • Jul 25, 2017
Canadian dollar continues to climb

There are definite signs the Canadian economy is gaining strength. Among the signals is the rising Canadian dollar, which hit 80 cents U.S. on Monday for the first time in two years.

But what does it mean for importers and exporters? 

“Anyone importing or consuming imported goods could be seeing relief on the price front,” says Ivey Assistant Professor Isaac Holloway in the Toronto Star. “On the flip side, anybody who is exporting is going to have to lower their prices to remain competitive with foreign competitors.”