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Prometheus 6

All respect and no restraint

Canada's dollar isn't soaring, ours is collapsing

The article reads a little different if you make that substitution. 

Canadian Exporters Hurt by a Soaring Currency
By IAN AUSTEN

OTTAWA, Nov. 1 — The morning after the Canadian dollar climbed above its postwar high against the United States dollar, Robert Hattin, the president of a company that makes custom machinery to pack products as diverse as toilet paper, cough syrup and CDs, was not celebrating.

For Mr. Hattin and other export-dependent manufacturers, the rise of the loonie, as the Canadian dollar is known, beyond its previous record of $1.0614 set in 1957 has become a major concern. It is also a worry that is likely to linger and worsen. While the Canadian dollar eventually dropped back to $1.0516 at the end of North American trading on Thursday, few, if any, economists say that its record-breaking streak is over.

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