Maybe we're deeper than I thought

It's always good to be a little wrong, I guess. A couple days ago -- most recently -- I ranted on about how pathetic it is for Canadian businesses to have to rely on a weak dollar to be competitive in the world. [True statement.] Well, it seems that maybe there's a little more going on than one might be led to believe. Maybe, as a generality, Canadian businesses have more productivity and competitive depth than a giant 25%-off sticker in the global (read: US) marketplace as this Toronto Star piece would suggest: Economy solid despite strong dollar. The lead graf:

Canadian exporters posted solid gains in February, pushing the trade surplus to $4.8 billion for the month and further discrediting predictions the strong dollar would prove disastrous for the economy.

We will, of course, hold off complete judgment for a while to see if there's something else going on to explain the situation. ;-)

Posted by Grayson at April 13, 2005 07:12 AM