“It’s going to be more expensive to buy stuff and your dollar isn’t going to go as far,” Lydia Miljan, a professor of political science at the University of Windsor, told CTV National News.
“The cost of borrowing is higher and so obviously that is going to put in some recessionary pressures.”
A weak dollar has traditionally served as a “subsidy” for exporting manufacturers etc allowing them to forego productivity investment.
There’s always a silver lining for somebody just never us.
