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Most of the headlines centred around the government’s plan to almost double the TFSA contribution limit to $ 10,000. It’s an idea that has fans and detractors on both sides, but nobody managed to synthesize the issues as pithily as the Finance Minister himself did, in an interview on The Exchange with Amanda Lang that night.
It was definitely a clip of the week. And likely to be one you’ll be hearing a lot of in the coming months, with an election campaign in the offing.
The number of same-day trips fell seven per cent in February from a year earlier. Small wonder, considering the loonie has lost about 15 cents in the previous 12 months. Trips to the U.S. from Canada are now at their lowest level since 2010.
But there are two sides to every coin. Some parts of the country say that a cheap loonie is luring Americans northwards to travel.
“We’re really excited to see the recovery in the U.S. economy, they’ve rebuilt their economy since the great recession, based on innovation,” Paul Nursey at Tourism Victoria told the CBC’s Chris Brown this week, “so we think this is sustainable growth and not just tied to ups and downs in the dollars.”
There’s another group of people getting a bump from the cheap loonie: exporters. The CBC’s national business reporter Renee Filippone reported this week that the weaker loonie is helping some Canadian companies sell their products outside the country.
“It’s gonna take some time before businesses get, kind of optimistic enough to be able to say, okay I’m gonna make some major new investments in my product or in my investments across border,” Ted Mallett of the Canadian Federation of Independent Business told us this week
Click here to watch an interview on the outlook for Canadian exporters.
Speaking of new strategies, Kraft made headlines this week for tinkering with a classic. Kids and college students alike would tell you Kraft Dinner isn’t complete without that packet of bright orange cheesy powder.
Those were just some of what we had on offer this week. Be sure and check out our website often for more, and don’t forget to follow us on our Twitter account here. In the meantime, here’s some more of our best stuff you might have missed over the past seven days.