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The Canadian economy has increased over the last few years with a lower valued dollar Economists have been debating for decades on whether the Canadian economy would be better off with a lower dollar opposed to a higher valued dollar The Canadian dollar has been volatile since 1920 and has brought both positive and negative effects to Canadian industries primarily those involved in trade Unemployment and interest rates have also faced major changes due to fluctuation showing similar trends as the dollar since 1920 Although the Canadian economy has increased over the last few years with a lower valued dollar would Canada be better off with a higher valued dollar Canadas dollar has been unstable for the past several years however there has been a recent sharp decline since the early 1990s Compared to the American dollar Canadas is currently valued at sixty-five cents In the beginning of the century however the Canadian dollar was not as weak as it is today there was even a point where it surpassed the mighty American dollar The value of Canadas dollar remained fluctuated from approximately 100 to 115 US from the 1920s until end the 1970s which was where dollar declined rapidly for over eight years which was about twenty-five per cent The sudden depreciation was due to forces of declining demand and technology which made Canadian goods relatively cheaper in world markets On the other hand the dollar rebounded following a determined strategy of aggressive involvement in the foreign exchange market and greatly increasing interest rates the Canadian dollar closed the decade at 086 US Yet in the 1990s the dollar continued to decrease due to lowered interest rates and the enormous deficit Throughout the years Canada has tried several different monetary systems along with various different dollar values however depreciation did not prove to stutter Canadas economic growth Canada is a major participant in international trade and therefore the value of its dollar
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