Newfoundland and Labrador finance minister Tom Marshall thinks it would be a good idea not only to tie the value of the Canadian dollar to the American dollar but to set the loonie's value below the American greenback.
He told a province-wide radio talk show audience on Monday that because the province is dependent on resource exports, the Canadian dollar should be permanently valued below its American counterpart.
Yes it, yes, you know, I mean I would certainly [support] a dollar that is fixed or pegged in relation to the US dollar to try to keep our dollar lower than the US dollar because of the fact that we are an economy that relies heavily on our exports. But that's something that, you know, that the Cabinet would have to deal with all together. I'm expressing my own view here.
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