CANADA - Consumer confidence in the USA and Canada is up 3.8% in the first quarter of 2010, but the parity of the Canadian dollar is hurting exports.
The Canadian jobless rate remains at 8.2%, down from 8.7% during the Summer of 2009.
Part of the problem is the high cost of oil, which may be good for the Alberta oil industry, but causes the Canadian dollar to fluctuate upwards and hurt Canada's other economic sectors like manufacturing and agriculture.
Ideally if the price of oil dropped about 15% and the Canadian dollar was worth about 10 U.S. cents less and stay stable around those values we would see more manufacturing jobs, higher exports and significantly better economic growth.
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