Saturday, June 2, 2018


   Huff Post:  Some analysts see even more weakness ahead for the loonie, due to Canada's declining competitiveness on exports.
"What's been lacking are ribbon-cutting ceremonies at the new facilities — factories, labs and office towers — needed to expand export capacity."
  The economists noted that a dropping loonie would make Canada more competitive, but "it would be better if Canada had other advantages to support export growth, rather than rely on a weak loonie that makes us less able to spend abroad."
  If the country doesn't step up its export game, the loonie will drop to around 70 cents U.S. in the 2020s, the CIBC economists predicted.
   To boost Canada's exports, they suggested "thinner" business regulations, lower corporate taxes and faster government approvals of projects.

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