We've seen this from the IMF, The Economist, and others. Almost out of hand now they say “The Canadian dollar did this today, and that is because energy prices also did this.”
The question we're trying to understand in the so-called Dutch disease is how much effect does that directly have on the manufacturing strength in Canada? Some folks have said that this only has a regional impact, that if there's a boom in the oil and gas sector, if the tar sands create another 10,000 jobs, then it only affects Ontario and Quebec. Is there also an effect within Alberta and B.C., or does it break out regionally that way?