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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:

  1. Discuss the factors causing the Canadian dollar to dip.
  2. How does a lower Canadian dollar impact the economy?
  3. Should the government intervene to stop the slide of the dollar?

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