Description: The Canadian dollar dipped to its lowest level since March 2009: it dropped below 77 cent against the U.S. dollar. This drop follows Bank of Canada’s decision to cut its interest rate to 0.5 per cent.
Source: CBC
Date: July 17, 2015
Link: http://www.cbc.ca/news/business/canadian-dollar-dips-below-77-cents-for-first-time-since-2009-1.3157570
Questions for Discussion:
- Discuss the factors causing the Canadian dollar to dip.
- How does a lower Canadian dollar impact the economy?
- Should the government intervene to stop the slide of the dollar?
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