The Bank of Canada left its interest rates unchanged this week and there's a possibility American rates could go up later this month.
That raises the likelihood of another drop in the Canadian dollar.
Dresden area farmer and agricultural economist Philip Shaw believes that could make Canada more competitive.
"At a certain point you would think that would help our Ontario and eastern Canadian economy, with a good U.S. economy and a low (Canadian) dollar it would help the manufacturing sector in Ontario," he says. "Ontario agriculture is a good example of that we've had the dollar go so low that our cash prices are higher than they were a year ago even though (grain) futures levels are a lot lower."
He says the key for the Ontario economy is to use any boost a lower dollar provides to increase productivity so the province will still be competitive when the dollar goes back up.
