Falling Loonie Good For Investment
Friday, January 24, 2014
A lower Canadian Dollar is expected to have a positive impact on foreign investment in southwestern Ontario.
Windsor Essex Economic Development Corporation CEO Sandra Pupatello says it’s really beneficial for border communities.
“When we have a dollar currency that is a variant like that, 10%, we can actually tell them that is 10% right onto the margin that they can make if they’re doing business in our region,” says Pupatello. “And to me that’s all part of the discussion that we have with investors.”
Pupatello says while it’s good for foreign investment, it does make it more difficult to buy equipment from outside of our borders.