I would simply like to add something because I find the question extremely interesting.
The impact of the rising dollar has been discussed, but one of the main reasons behind it is the Alberta oil boom. This boom has an impact by keeping the value of the dollar high, and if the Bank of Canada maintains the interest rates at a high level, then this accentuates the phenomenon, that is, the dollar remains strong. This has no impact, or at least less of an impact, in the provinces that have natural resources. But for provinces where the manufacturing sector is strong, such as Quebec and Ontario, it's a double whammy: over and above the impact of the rising interest rates, there is the price of oil that bolsters the value of the dollar. This cannot be overlooked.
In our economy, the manufacturing sector accounts for 21% of employment income and 90% of international exports. I don't know what can be done elsewhere in the world, but it seems to me that in Canada, the government could take action in certain sectors. The Bank of Canada should intervene in monetary policy, and the government should do its part by helping business. Otherwise, the entire manufacturing sector will collapse, in large part because of the price of oil which inflates the value of the Canadian dollar.