Dodge's hinted solution to the productivity gap with the U.S.: drop the loonie

Nipawin - Tuesday, July 17, 2001 - by: Mario deSantis

productivity
gap
Now that the productivity gap with the U.S. has been officially confirmed by our government and financial gurus, we have the ongoing debate if to drop the loonie in favour of the U.S. dollar; in the meantime, journalist Sandra Rubin of the National Post provides us with surveys' results about the future of the loonie, and the possible future values against the U.S. dollar.

loonie
These speculations about the loonie are enough to realize that our financial system is inherently volatile within a global Free Market characterized by our free choice "will be Pespi or Coke."

David
Dodge
It is interesting to notice that David Dodge, the governor of the Bank of Canada, said that the benefit of a separate Canadian dollar could diminish within a generation as North America's economies integrate. Dodge's loonie positioning comes after few months he has been voicing the rallying of corporate Canada to overcome the U.S. productivity gap and the U.S. standard of living within the next fifteen years.

dropping
of the
loonie
Dodge's smartness is overwhelming, in fact, with his hinting that the loonie can be dropped he is suggesting that Canada doesn't have to wait fifteen years to overcome the U.S. productivity gap; with the dropping of the loonie our economies would be integrated and we would immediately enjoy the same level of productivity and living standard of the U.S.

----------------References:

Drop loonie, 45% say in business poll. Executives split on currency's future, but blame its weak present on productivity lag. Sandra Rubin, July 16, 2001 National Post http://www.nationalpost.com/home/story.html?f=/stories/20010716/620169.html


Nipawin - Tuesday, July 17, 2001 - by: Mario deSantis
productivity gap	Now that the productivity gap with the U.S. has been officially confirmed by our government and financial gurus, we have the ongoing debate if to drop the loonie in favour of the U.S. dollar; in the meantime, journalist Sandra Rubin of the National Post provides us with surveys' results about the future of the loonie, and the possible future values against the U.S. dollar.

loonie	These speculations about the loonie are enough to realize that our financial system is inherently volatile within a global Free Market characterized by our free choice "will be Pespi or Coke."

David Dodge	It is interesting to notice that David Dodge, the governor of the Bank of Canada, said that the benefit of a separate Canadian dollar could diminish within a generation as North America's economies integrate. Dodge's loonie positioning comes after few months he has been voicing the rallying of corporate Canada to overcome the U.S. productivity gap and the U.S. standard of living within the next fifteen years.

dropping of the loonie	Dodge's smartness is overwhelming, in fact, with his hinting that the loonie can be dropped he is suggesting that Canada doesn't have to wait fifteen years to overcome the U.S. productivity gap; with the dropping of the loonie our economies would be integrated and we would immediately enjoy the same level of productivity and living standard of the U.S.

----------------References:

	Drop loonie, 45% say in business poll. Executives split on currency's future, but blame its weak present on productivity lag. Sandra Rubin, July 16, 2001 National Post http://www.nationalpost.com/home/story.html?f=/stories/20010716/620169.html