Continually dropping the value of the loonie is a mugs' game. It does nothing to help us compete long term. If you are retired your savings have drop by a third or so. Why? To support overpaid union workers in Ontario and Quebec and/or rich families that own the companies. Now that's a transfer payment! Billions of dollars of savings!! Absolutely ridiculous policy. Brutal! Raise interest rates until we are at least par with the Euro.