What we're looking at is the value of our foreign-denominated currency expressed in Canadian dollars. Therefore, when the currency appreciates, the Canadian dollar value goes down.
On November 20th, 2007. See this statement in context.
On November 20th, 2007. See this statement in context.
November 20th, 2007 / 9:45 a.m.
Assistant Deputy Minister, Economic and Fiscal Policy Branch, Department of Finance
What we're looking at is the value of our foreign-denominated currency expressed in Canadian dollars. Therefore, when the currency appreciates, the Canadian dollar value goes down.
See context to find out what was said next.