What’s the Canadian dollar worth? (media)
Corporations, senior executives and Americans are the primary beneficiaries of our low Canadian dollar, says AIMS President, Brian Lee Crowley, in this week’s regular newspaper column. The last time that the U.S. and Canadian dollars were at par was November 1976. Today, the loonie stands at a mere 63 cents or so, and tests new lows each week. This represents a very significant decline in our standard of living, because we either have to buy less from our U.S. neighbours, or else we have to pay more for the same things. While those who can avoid these impacts do, it means that our dollar's relentless slide over the last 25 years has harmed the poorest and most vulnerable members of our society more than anyone else. Publication: CHH, November 21, 2001