[USFRIENDINVICTORIA]

I’ve read hundreds of such articles over the years — only they proclaimed the benefits to the Canadian economy of a lower Canadian economy.

IMHO, there’s no question that floating exchange rates are a necessity in a global economy. In that sense, a lower dollar is “better” than one pegged at an artificially high level.

However, don’t be lulled into thinking that a lower dollar is any sort of panacea. It isn’t. For one thing, a lower dollar leads to less capital investment (because labour is now cheaper) — which, in turn leads to lower productivity — and lower productivity leads to a lower dollar. It’s too easy to be sucked into a vortex of decline.

[USFRIENDINVICTORIA]

“of a lower Canadian economy” = “of a lower Canadian dollar”

(Why can’t I see these things until they’re posted?)

[SierraWasp]

"It’s too easy to be sucked into a vortex of decline."

Oh! Hey! Wow! That sounds just like CA under celebrity Republican Goobernator Schwartzenaygur!!!