Unexpected Increase in Canadian Dollar. Term Paper

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A aspx?e=This high only is not only being threat for Us economy but also for others too it has touches the boom although it has start coming back down little but still it is a threat for economy recently Dalton MCguinty calls at the bank of Canada as it is damaging their province they said that this has harm their province much more than the western Canada so its time to take benefit of interest rate reduction in additional words they should do something which will formulate Canadian dollar less attractive in international market. There is a firm believe that this high rate can not only damage economy of any one province but it can do similar for entire Canada so federal government should do anything which can make it comes beneath control while on other hand some people believes that this boost Is making Canada more powerful as compare to U.S.. (nfreview, November 7, 2007)

High Canadian dollar Is becoming the threat for jobs too because this Is the time when the increase in price is occurring so a time will come when Canada's exporting situation because none will buy the thing at this expensive rate so in this way it hurts economy while on other hand companies can destroy too due to continuous loss so unemployment can occur after knowing the fact that it can damage economy Councilor Kyle Rae has criticized finance manager because he is doing nothing to make market value down of this Canadian dollar.

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It also believe that dollar was already worthy. (cbcnews. November 8, 2007, yahoo news, November 7, 2007)

The effect of soaring Canadian dollar

Conclusion

After reading this argumentive article we come up with the conclusion that rise in Canadian dollar is the great achievement made by Canadian economy. There are many factors involve in this which has help them in achieving this goal but as everything has positive and negative effects it also has same there is a doubt value of Canadian dollar will not come down soon then it can damage the Canadian economy which is a big threat to Canadian economy. So efforts should make as soon as possible to save the Canadian economy from more loss to economy.

The effect of soaring Canadian dollar.....

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"Unexpected Increase In Canadian Dollar ", 18 November 2007, Accessed.22 May. 2025,
https://www.aceyourpaper.com/essays/unexpected-increase-canadian-dollar-34207
   

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