With housing a tailwind for U.S. activity and a potential headwind for Canadian activity, we believe Canada is in for a prolonged period economic underperformance with the result being an even lower loonie for several years.» (canadianbusiness.com)
I'm sympathetic to CIBC chief economist Avery Shenfeld's case that a sustained lower loonie will entice companies to start new businesses / expand operations in Canada, with a lag; I also agree with Mike Moffatt (professor at Ivey, small businessman in Canada's manufacturing heartland, dodgeball player) when he says that manufacturers in the area are highly risk averse. (ello.co)
Canadians can benefit from the attractively low loonie by leveraging increased trade and foreign investment from the U.S., and thereby increase their export revenue. (tradeready.ca)