Loonie hasn’t closed above 80 cents US since June 30, 2015.
Even if Alberta runs a big deficit, it would take decades before it’s in the same debt situation as Ontario, CIBC report says.
Some companies expect the lower dollar to help them reclaim market share and increase competitiveness.
Despite high sales, assembly plants in Canada aren’t growing the way they should be.
A stronger US economy and a weaker loonie will support commodity prices and boost demand for Canadian exports.
Potash production represents about 1.5% of Canadian goods exports.
Dollar has tumbled 1 1/2 cents US since Central Bank indicates it will be slower to raise interest rates.
There is, however, data from StatsCan that suggests manufacturing shipments have slowed.
Cascades Inc. is closing its Norampac containerboard mill in Burnaby BC, blaming high operating costs and a high dollar.