The Bank of Canada lowered it's interest rate again today causing our dollar to drop yet again. A couple of years ago we were the darling of the G7 (8?) that could do no wrong. We were seen as the poster child for properly attempting to manage our budget & spending as contrasted to all the rest. Our dollar was basically par for quite a while.
Well, our policy has continued to where we have a more or less 'balanced budget' - almost unheard of these days - but our dollar is now tanking against the US whose deficit & debt (amongst other counties) is still increasing, astronomical & not sustainable.
I don't get it. Unfortunately, Axiom & all other Canadian companies have to do what they have to I guess...
TAM
