Fortunately for Canada, big swings in a currency, such as the loonie is now experiencing, can be just as powerful at
attracting footloose manufacturing jobs as they are in sending them away.
In theory, such choices are designed to
attract other industries to the province in much the same way that Texas, which has no state income tax, tries to use its oil revenues to convince companies in
footloose industries, like electronics, to set up shop in the state.