Sentences with phrase «dollar lowered labour costs»

U.S. talks this year closed the gap between Canadian and U.S. workers, raising wages south of the border while the Canadian dollar lowered labour costs in Canada.

Not exact matches

Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms of the dollar value of exports to the U.S. Indeed, Canada is contending with more than just low oil prices.

A commodities boom has driven the Canadian dollar from a 62 cents US low up to parity, vaporizing any labour cost advantage we previously enjoyed over the U.S. and changing the structure of the economy; at the margin, a Canadian worker adds far more to our economy by extracting resources than by building cars.