Soaring Loonie Worries Local Businesses
Brandon Sun, The (October 15, 2009)
Author: Cosgrove, Colleen
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The soaring Canadian dollar landed less than three cents below parity with the U.S. dollar Wednesday and despite cheers from cross-border shoppers, local manufacturers are far from thrilled. Steel manufacturers in the U.S. have had a 10 per cent price advantage over Canadian manufacturers for the past month, and government-funded infrastructure projects are now being awarded to American companies.
Soaring Loonie Worries Local Businesses
The soaring Canadian dollar landed less than three cents below parity with the U.S. dollar Wednesday and despite cheers from...
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