I’ve been unavoidably delayed in responding to a wave of recent events, so it’s catch-up time.
The 2007Q4 current account went negative for the first time this century. Although imports and investment income payments held steady, the CAD appreciation led to declines in both the value of exports and in the value of investment income receipts.
So the six-year appreciation of the CAD may finally be drawing to an end.
Now what?
Worthwhile Canadian Initiative 
Why Hasn’t the Canuck Buck Appreciated More Than It Has?
For the past several years, the Canadian dollar had been appreciating in value relative to the US dollar — until last September (2007). Since then, the US dollar price of a Loonie has been fluctuating around $1.00 or so.
Meanwhile the p…