International Trade committee  In my opinion, the period was too short to have an effect like that. The Canadian dollar was weak for about fifteen years, then it increased in value. When it got stronger, trade took a nosedive. To my knowledge, it has not picked up again.

International Trade committee  The short answer is no. However, some of the biggest advocates of free trade will say that NAFTA was very profitable for Canada. I challenge these people to prove that it was not the drop in the value of the Canadian dollar that improved trade, much more so than NAFTA itself. These things happened together, but the fact that the Canadian dollar was at 70¢ allowed us to export massively to the United States.