The Canadian Dollar and the Automotive Industry


Add to cart
Essay #: 057819
Total text length is 14,850 characters (approximately 10.2 pages).

Excerpts from the Paper

The beginning:
The Canadian Dollar and the Automotive Industry
Question 1: The High Canadian Dollar
A)Canada has a staples economy. This means that the economy is based on harvesting or extracting natural resources and exporting them in a raw or semi-processes form. In order for this type of economy to be successful the price of the exports must be cheap(Barrows 148).
Recently Canada has experienced a range of problems because of the increasing value of the Canadian dollar. This trend reached a crisis point when the Canadian dollar achieved parity with the American dollar(Shane and Sundell 2). This leads to the question what caused this increase? Some of the reasons for the increase are:
Canada’s has a staples economy(Barrows 148).
The demand and cost of...
The end: Reuters, Nov.23, 2009:
Shane, Matthew and Sundell, Paul, “Canadian Dollar Reaches
Parity with U.S. Dollar” in Amber Waves, Vol.6, Iss.1,
Feb.2008: 2-3.
Stanbury, W.T, and Moore, Sean, “Role of Interest Groups in
Influencing Public Policy in Canada” in Between Public and
Private, Diane Jurkowski and George Eaton(ed), Captus
Press, Toronto, 2003: 217-265.
Vanderhart, Peter G., “The Bank of Canada (BOC) is charged with
influencing the price level, employment, and growth of the Canadian economy” in The American Review of Canadian Studies, Vol.33, Iss.3, Fall 2003: 357-573.
Weir, Erin M., “Lies, Damned Lies, and Trade Statistics” in
Canadian-American Public Policy, Iss.63, Jul.2005: 1-53.