Canada Governor Stephen Poloz

: Recent reports also show companies are resisting expansion after what Bank of Canada Governor Stephen Poloz has called serial disappointment from the global recovery, according to The Toronto Star. The strengthening of Canada currency to parity with the U.S. dollar in 2007 and again this decade was fatal to hundreds of factories, which also faced tougher competition in Mexico and China. Makers of automobiles and wood shingles are getting a boost this year from a weaker currency and stronger growth in the U.S., which buys three-quarters of Canada exports. Still, more companies have found ways to adjust to currency swings, meaning it may be time to focus on expansion again, Caranci said. That may present a greater limitation to competitiveness than the dollar itself. Ultimately if you don’t have the capacity to meet demand you become your own problem, she said. (news.financializer.com). As reported in the news.