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A worker operates a combing machine at a Montreal textile factory in the late 1940s.
A worker operates a combing machine at a Montreal textile factory in the late 1940s.
(Library & Archives Canada)

Canada’s industry policy is perfect – for the 1950s

Canada’s severe lack of competitiveness relative to Mexico, and the resulting loss of foreign investment, could blunt the positive effects of a weaker domestic currency. The IMF chimed in Monday with a report on Canada’s competitiveness, and an official telling the Wall Street Journal that “low productivity and a very high exchange rate over the last 10 years may have done some structural sort of damage” to our economy.