Economy’s reliance on commodity exports makes it vulnerable to shocks from abroad.
Loonie hasn’t closed above 80 cents US since June 30, 2015.
Conference Board forecasts sector profits will surpass $2.13 billion in 2020.
Low loonie to stimulate investment in machinery and equipment spending.
BoC poll finds several manufacturers’ margins were boosted by products sold abroad.
Collect revenue in US dollars but pay expenses in Canadian.
Finance minister hasn’t indicated whether the federal government will accelerate infrastructure spending to kickstart the economy.
BMO economist says dollar could dip below $0.70 before it starts to recover.
Lower oil prices will continue to drag on performance.
Only 19% reported a benefit from the lower dollar, 44% no impact.
One billion dollar deficit thanks to plunging value of the loonie.
US housing recovery and lower loonie are leading growth, report says.
Poloz said he has his fingers crossed that the economy bounces back in Q2.
An 80-plus-cent loonie is driving costs up for Canadian manufacturers, but there are ways to manage currency fluctuations.
Analysts expected it following a surprise quarter-point cut in January