The Canadian Press
1998-07-29 | Dollar Report
Preview Clip
$149.00
In late July, the Canadian dollar came under heavy downward pressure as investors put their money elsewhere. Nesbitt Burns chief economist Sherry Cooper said it was a big mistake for Prime Minister Chretien to shrug off the dropping dollar. She said his comment that a low loonie is good for tourism and exports flies in the face of reality.
Date: 1998-07-29
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 20 seconds
Transcript Prediction: << the fact is that tourism is only 1% of GDP and I see no fundamental reason why consumers should be subsidizing exporters we do import almost as much as we export in this country in fact 94% is much so our living standards are falling it is the equivalent of a national pay cut >>
Date: 1998-07-29
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 20 seconds
Transcript Prediction: << the fact is that tourism is only 1% of GDP and I see no fundamental reason why consumers should be subsidizing exporters we do import almost as much as we export in this country in fact 94% is much so our living standards are falling it is the equivalent of a national pay cut >>
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