Dollar Volatility: Who Should Care? Webinar
The Conference Board of Canada
March 8, 2010
This webinar presents a new approach to identify which industries are broadly involved in international activities and therefore in a position to hedge currency fluctuations and which are narrowly exposed and therefore more vulnerable when it comes to currency fluctuations.
Louis Thériault, Director in the Economics Group at the Conference Board, argues that taking an “integrative trade” approach rather than a more narrow internationalization strategy is a better currency hedging strategy. Canadian industries, especially those with more exposure to dollar volatility, must consider new strategies to mitigate against these highs and lows. He points to measures that policy-makers can undertake which would help to minimize the effects of exchange rates on more susceptible sectors.