mpetitiveness, is the influence the Asian currency crisis had on the Canadian dollar. The depreciation of the dollar was one of the most visible impacts that crisis in Asia had on Canadas economy. The crisis over there demonstrated a lower demand and prices for commodities, not to mention the perception of Canada being able to compete in the global market. It also caused other countries to question its other policy and structural issues that take away from the countrys attractiveness to investors. ConclusionTo conclude, the depreciation of the Canadian dollar had many influences hinging upon it. Some of the key economic indicators were unfazed by the devaluation, while others were heavily affected. These and the outside factors of the Canadian governments ignorance of the problem and the Asian currency crisis all added to the already confusing mix of speculations. A quote in the article by Janet Matthews ties it altogether best, if we have learned anything from the last 18 months, it is that only the longest of perspectives is likely to be of any use when looking a Canadas economy. This period since May 1998 has been characterized by so many ups and downs that it is easy to jump to conclusions when looking at economic performance statistics. Many economists did. They believed that this depreciation would cause a long term economic slowdown for Canada but as current facts indicate, the dollar has regained some of its strength and contrary to predictions, the economy is again growing and improving at a steady rate....
