Comment 66293

By A Smith (anonymous) | Posted July 17, 2011 at 01:53:59

Even if LRT is a total waste of money, it might still help Hamilton. With more public debt, our dollar would likely trade lower against the U.S./Euro, reducing the cost of our manufactured products.

From 1996-2002, our dollar traded between 62-75 cents US and Ontario exports averaged 4.59% per year. Since that time, as our dollar has moved to around $1.05US, exports have actually fell by 0.2% per year.




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