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johnny_canuck | 1 year ago

It always is this. Same reason the CAD was at parity during the financial crisis.

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cmrdporcupine|1 year ago

After 2008 we also "benefited" from very high oil prices which drove the dollar higher

That high dollar didn't do any positive things for Ontario & Quebec's export oriented manufacturing sector though, which is why I put "benefited" in quotes.