Friday, February 4, 2011

All Citizens Benefit from Higher Domestic Currency

Stand up Canada!!

Any person with an ounce of common sense knows that when your home currency is strong, your vacations are much more affordable than if you have a weak currency. Similarly, when your dollar is strong, you don't need as many of them to purchase imported goods. Also, if you are a manufacturer, you need fewer dollars to purchase any imported inputs for your product.

Outside of manufacturers that use only domestic inputs, a strong dollar has some benefits even for the manufacturers. The only time this doesn't hold true is if the manufacturer is very inefficient.

Why then do we continually hear our finance ministers talk about the NEED for a weak dollar? Who are they looking out for? Certainly not the majority of their citizens. So, stand up against your government and say no to this nonsense of trying to maintain a currency that is close in value to the American dollar.

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