A aspx?e=This high only is not only being threat for Us economy but also for others too it has touches the boom although it has start coming back down little but still it is a threat for economy recently Dalton MCguinty calls at the bank of Canada as it is damaging their province they said that this has harm their province much more than the western Canada so its time to take benefit of interest rate reduction in additional words they should do something which will formulate Canadian dollar less attractive in international market. There is a firm believe that this high rate can not only damage economy of any one province but it can do similar for entire Canada so federal government should do anything which can make it comes beneath control while on other hand some people believes that this boost Is making Canada more powerful as compare to U.S.. (nfreview, November 7, 2007)

High Canadian dollar Is becoming the threat for jobs too because this Is the time when the increase in price is occurring so a time will come when Canada's exporting situation because none will buy the thing at this expensive rate so in this way it hurts economy while on other hand companies can destroy too due to continuous loss so unemployment can occur after knowing the fact that it can damage economy Councilor Kyle Rae has criticized finance manager because he is doing nothing to make market value down of this Canadian dollar. It also believe that dollar was already worthy. (cbcnews. November 8, 2007, yahoo news, November 7, 2007)

The effect of soaring Canadian dollar

Conclusion

After reading this argumentive article we come up with the conclusion that rise in Canadian dollar is the great achievement made by Canadian economy. There are many factors involve in this...

So efforts should make as soon as possible to save the Canadian economy from more loss to economy.
The effect of soaring Canadian dollar

Bibliography

CBC news, "What's behind the soaring Canadian dollar," May 2, 2006, (http://www.cbc.ca/news/background/dollar_cdn/).This article tells us about history of Canadian dollar rate and factors which are responsible for raise in Canadian dollar and what are its positive and negative effects.

Nfreview.com, " Soaring Canadian dollar hits U.S. 1.10strong loonies put heat on bank to cut rates," November 7, 2007, (http://www.nfreview.com/ArticleDisplay.aspx?e=767394&auth),in this article we can read reviews of different peoples what they say and think about this increase in Canadian dollar it also tells its negative effects.

Yahoo news, "Harper express concern over rapid Canadian dollar rise," (http://ca.news.yahoo.com/s/reuters/071107/canada/canada_dollar_harper_col_1),this article represented on whom claim of this goes on.

Cbcnews," soaring dollar a threat to Canadian economy," (http://www.cbc.ca/canada/toronto/story/2007/11/08/tto-dollar.html?ref=rss),here we can read that too much increase in Canadian dollar is taken as a threat to Canadian economy.

Yahoo news, " Canadian dollar passes U.S. 1.10 mark in overseas trade Wednesday," (http://ca.news.yahoo.com/s/capress/biz_soaring_loonie).This is the article which tells us about the date of extreme rise and what efforts are made to make it in under control.