The article demonstrates the Loonie and how the value of the Loonie has been declining since the beginning of the year 2013 with professionals predicting signs of consistent drop in the value of it in the future. With that in mind, it further elaborates on who the winners and losers of this price fluctuations. With consumers and travellers being the obvious losers and the winners being the exporters to the US or those possessing a lot of international sales benefit from the weakening of the dollar. Conversely, the manufacturers are the losers when the price of dollar grows stronger and encourages more imports of machinery from the US into Canada in order to improve productivity in the country.
This article caught my eye for its informative display from two distinct perspective of potential winners and losers form the weak and strong value of the Loonie and takes into consideration of both the groups rather than an article focusing mainly from one groups point of view and expressing their thoughts. In addition, traveller and manufacturers are not the only ones thats affected by the fluctuation in the value of the loonies. International investors would also be the influenced.
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