Canada sees manufacturers OK with C$ level: report

Sat Jan 31, 2009 2:31pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

OTTAWA (Reuters) - Canadian manufacturers are happier with the current lower level of the Canadian dollar, Finance Minister Jim Flaherty said in remarks released on Saturday.

They "are much more comfortable now with our currency where it is," Flaherty said Saturday in an interview with Bloomberg Television in Davos, Switzerland.

The Canadian dollar had traded around parity with the U.S. dollar in mid-2008 but now stands at C$1.2294 to the dollar, making the U.S. currency worth 81.34 U.S. cents.

(Reporting by Randall Palmer)

<p>Canadian currency in the form of twenty dollar bills are displayed in this posed photograph in Toronto, October 22, 2008. REUTERS/Mark Blinch</p>