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Canadian Dollar Too Strong
Canadians say the dollar runs at a premium over the U S currency and warns that a higher cost for Canadian goods hurts exports while boosting imports. The premium arises from U S dollar flows into Canada and Canadian borrowing, especially by provinces and municipalities, which elevates demand for Canadian dollars and keeps the exchange rate above the American one.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
Canada
Canadian Exporters Assn
United States