The effect of decreasing Canadian Dollar

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Because of the recent international situation and the change of oil prices, Canadian dollar falls in last ten months, and it seems like will keep fall in the future year. On 15th October, Canadian dollar falls below 88 cents US, and this is the lowest number since 2009. Personally, I deem that even thought there are lots of negative aspects for the decline of Canadian dollar; this news still can bring out some beneficial facts. On the one hand, with the Canadian dollar keeps dropping, it might offer a new competitive opportunity to the investment immigrants. The previous cost of BC investment immigrants is around 1.8 million RMB (approximately 320 thousand CAD), but now it only needs 1.5 million RMB (about 264 thousand CAD). In addition, the decreasing Canadian dollar is also a good news for international students that save 2500 CAD per year for every international student. On the other hand, as the Canadian dollar falling, more job opportunities are available. In other words, the local unemployment rate will decrease. Overall, it is hard to say that the descending Canadian dollar is a good news or a bad news for citizen.

Sources:
http://business.financialpost.com/tag/canadian-dollar/
http://www.cbc.ca/news/business/canadian-dollar-falls-below-89-cents-us-to-6-month-low-1.2787033

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