The Fall of the Canadian Dollar

I was trying to analyze why the Canadian Dollar(CAD) was falling relative to the U.S. Dollar(USD). I would have thought that the CAD would have stayed on par or risen to the USD with the U.S. adding nearly another trillion onto their national debt. I wouldn't think that adding an extra digit onto the debt counter would be a positive note for people to regain their faith in the USD.

However, it seems as though our resource based economy must have gotten the best of us. Seems as though since less resources are being purchased, less foreign companies have to buy CAD in order to purchase our goods. This is what I believe the reason is behind why the CAD has fallen so steeply against the USD these last two weeks.

So whats bad for travellers is good for our companies. Hopefully as a country we will experience some boosted sales due to the lower dollar making us more cost competitive with the U.S.