Exports Could Dip in 2008

Published: Wednesday, 01/09/2008 12:00 am EST

The Financial Times reported Monday that Canada's trade abroad could be weakening this year as the Canadian dollar loses parity with its U.S. counterpart, affecting manufacturers. The dollar reached a record high last year following a major increase bolstered by surging energy prices, turmoil in the U.S. sub-prime mortgage market and continued Canadian budget surpluses, but has since sunk back to hover around parity.

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