Canadas depreciating dollar

Scott December 10, 1999 Economics 335 Section 01 Final Paper The Depreciation of the Canadian Dollar Canada has been increasing its prestige as a high-tech, industrial, society since the end of World War II. In many ways it resembles very closely its southern North American cousin, the United States. Some of those similarities are residing in its market-orientated system, pattern of production, and its high standard of living. Most years following the war up to the present, Canada has …

…Canada’s economy. This period since May 1998 has been characterized by so many ups and downs that it is easy to jump to conclusions when looking at economic performance statistics.” Many economists did. They believed that this depreciation would cause a long term economic slowdown for Canada but as current facts indicate, the dollar has regained some of its strength and contrary to predictions, the economy is again growing and improving at a steady rate.