Our poor loonie. As it continues its decent into Zimbabwean territory, we as Canadians must find a silver lining. There’s gotta be some good that will come out of this, right? Please? This is our list of 5 positives that will come out of a whole heap of negative.
As our loonie drops, so does the cost of doing business in Canada. Foreign companies will see this as incentive to start manufacturing goods here. It now costs foreign companies a lot less to employ Canadians, which could give Ontario manufacturing plants the green light.