Quote:
Originally Posted by RougeUnderoos
I know nothing and admit it, but isn't a low Canadian dollar good right now? At least for Alberta?
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Low dollar is... well... it's good for the rest of Canada. For Alberta.. it was kinda good. The dollar rose with the price of oil, so oil revenue did increase as the increase in oil price was greater than the dollar. Albertans as a whole had an increased purchasing power in NA and the salaries/income/employment to use it.
With the dollar going down so is our purchasing power. Oil has also come down, but it's come down a greater amount than the dollar, so Alberta is seeing smaller revenues.
It would have been bad to have a rising Canadian Dollar and falling oil prices for Alberta. The rest of Canada may have loved it though.
What would be good for the Canadian economy would be higher oil prices, say $100.00 and a low Canadian Dollar, the East would do a bit better, Alberta would do better.