The Steel Industry and the Canadian Dollar Question 1: Canadian Dollar A)The Canadian dollar has been rising significantly for a number of years. In September 2007 the Canadian dollar reached parity with the United States dollar. This is the first time that this has happened since 1976(Shane and Sundell 2). The question that needs to be asked is what caused the Canadian dollar to increase in value dramatically? The causes of the rising Canadian dollar are: The poor performance of the United States economy. In 2005 it had a trade deficient of $723.6 billion(Anonymous http://www.cbc.ca/news/background/dollar_cdn/). The Canadian economy was performing very well at this time. It was experiencing a 32 low in terms of unemployment and GDP growth...The end:
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