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Canada's Trudeau sees challenges, opportunities from cheap currency

Published 2015-12-17, 03:36 p/m
© Reuters. Canada's Trudeau sees challenges, opportunities from cheap currency

VANCOUVER, Dec 17 (Reuters) - The Canadian government
recognizes the challenges that a cheap currency poses and will
work to ensure the country takes advantage of the low Canadian
dollar, Prime Minister Justin Trudeau told reporters on Friday.
"Obviously that the economy of our largest trading partner
(the United States) is picking up is a good thing potentially
for Canada, but whenever there are shifts in the value of the
dollar, particularly decreases, there are both challenges and
opportunities that arise across different sectors in the
economy, and what we need to make sure we're doing as a
government, as an economy, is maximimizing the opportunities and
minimizing the negative impacts of a decreasing dollar," he
said.

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