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Days of weak Canadian dollar are over -Canada industry minister
January 22, 2013 / 2:12 PM / 5 years ago

Days of weak Canadian dollar are over -Canada industry minister

* Industry needs to innovate, not rely on cheap Canadian dollar

* Minister touring Germany to learn about innovation

OTTAWA, Jan 22 (Reuters) - Canadian businesses need to innovate and boost productivity and not hope for a return to a weak Canadian dollar, Industry Minister Christian Paradis told Reuters on Tuesday.

“The days where people were hoping to have a Canadian dollar with a low currency rate - I think this is over. We have definitely to tackle the issue of innovation and productivity,” Paradis said by phone.

He is touring Germany to promote Canada as a place to invest and to learn how German industry innovates.

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