Quote:
Originally Posted by AladainAF  I wouldn't be so fast on this.
Many US companies have completely closed their Canadian call centers due to the weak dollar. Additionally, if the USD loses another 50% of its value, as you used in your example, it would be cheaper to manufacture here than most places in the world at that point, when you consider quality of product. |
Yeah, Dell's cut well over 1000 jobs in Edmonton and Ottawa and that's almost a direct result of the USD weakness, or strength of the loonie. Then again, those are mediocre jobs anyway, and those workers will be taken up into the workforce almost instantly in Edmonton.
The weak dollar for sure would be helping out American car manufacturers, although most foreign companies now make a lot of their cars there as well.
I don't know enough about manufacturing, productivity etc to really say how much of a difference the US dollar's weakness or strength makes. However, I think it's funny that the same people calling for knee jerk reactions like ripping up NAFTA to keep manufacturing jobs are also clamouring for policies to prop up the buck, when said strength works against the first goal.