Description: Loonie has fallen to its lowest level in the last two years against the U.S. dollar. Economists predict that the loonie is likely to fall even further.

Source: The National

Date: July 4 2013

Video Link: http://www.cbc.ca/player/News/Business/ID/2395784893/

Questions for Discussion:

1. How does the sliding loonie impact the Canadian economy?
2. How will this slide impact Canadian exports and imports?
3. Both a weak and a strong loonie have their advantages and their disadvantages; which possibility do you feel is the most beneficial for the Canadian economy and why?