On an economic basis, Canada has weathered the slowdown in economic growth fairly well and certainly...
On an economic basis, Canada has weathered the slowdown in economic growth fairly well and certainly better than many other G7 economies. Despite its close ties to the US, the weakness of the Canadian dollar is currently providing a comfort level against a slow US economy. Over 2002, the Toronto Stock Exchange Composite index fell 11.5% in US dollar terms compared to the S&P 500 drop of 22.09%. As an export-orientated economy, Canada's main trading partner is still the US. Its currency has long been considered volatile and weak compared to its US counterpart and over the past year su...
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