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Finance Minister Bill Morneau: Economy to see greater benefits of a low loonie over time

from Financial Post

Finance Minister Bill Morneau recently said it may take more time for the country's economy to reap the benefits from a weaker Canadian dollar as domestic manufacturers adjust to its impact. "Positive effects of the lower dollar may take longer to materialize, especially as our manufacturing sector adjusts after a longer period where the dollar was strong," Morneau said in a speech at an event sponsored by the Canadian Association of New York. more

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