- The average value of the loonie in January 2003 was 64.88 cents. Now, of course, we're at par, a rise of more than 54 per cent. In August of this year -- the most recent month for which Statistics Canada has provided employment data -- the average value of loonie was 94.5 cents, a rise of 45.7 per cent. In January of 2003, there were 15.2 million full- and part-time jobs in the country. In August of this year, there were 17.2 million jobs, a net gain of 1.97 million new jobs.
- For the year 2003, the loonie appreciated in value by about 17.42 per cent. The Canadian economy created 554,000 new jobs.
- For 2004, the loonie rose just over six per cent. The economy continued to create new jobs -- 501,700 for 2004.
- In 2005, the loonie was up 5.4 per cent and another 550,000 jobs were created.
- In 2006, the loonie started and ended the year at about the same -- just 0.38 per cent increase (I'm comparing average monthly value to average monthly value rather than opening trade to closing trade). Economy created a whopping 625,000 jobs.
- By August of 2007, the loonie was on a tear, up more than 11 per cent and, lo and behold, we're on a pace for the best year yet of job creation -- with more than 808,000 new jobs in the first eight months of the year.
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Who pays for this blog? I receive no fees, considerations, etc. etc. for the posts on this blog nor do I have any plans to accept any. My salary is paid by Canwest Global Communications Corp. I work for that company as the Ottawa-based National Affairs Correspondent for Canwest News Service. The blog publishing platform used here is called Blogware and it's developed by Tucows Inc. of Toronto, Ontario, Canada. My use of Blogware should not be taken as an endorsement of that company. Like all Blogware users, I do not pay any fees for the use of this service. I participate in program. Google pays me some money and, for that, I give Google some space on this site to display ads. Google sells those ads and Google, not me, decides what advertising content you are seeing. I do not filter these ads and take no responsibility for them. Readers should not assume I endorse any of the products or services advertised here. If you think other disclosures are appropriate in this space, I'd like to hear from you. All of my contact details are always at www.davidakin.com You can read more about this section |
More data on the dollar and jobs
Just because I'm one of those geeks that likes to fool around with a spreadsheet, here's some more data on job creation in Canada during the last five years, a period in which the loonie's value has soared compared to the currency of our biggest trading partner, the U.S.
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