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No Longer the Northern Peso, the Canadian Dollar Has Become a Petrocurrency

机译：不再是北比索，加拿大元已成为一种石油货币

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摘要

In the 35 years since Canada decided to unleash its currency from the U.S. dollar, the dominant trend in the loonie has been downward. In the immediate aftermath of the float, the Canadian dollar actually rose to a peak of 1.04 U.S. dollar per Canadian dollar (we use this convention throughout this article) by May 1974. From there it subsequently embarked on a long-term decline that culminated in a low of 62 cents in early 2002. And while most Canadians may have winced as their currency was derided as the "dollarette" or the "northern peso," Canada's forest products producers usually smiled wryly in the knowledge that the loonie's weakness was conferring a competitive advantage versus its foreign competitors, particularly those in the U.S.
机译：自加拿大决定从美元中释放其货币以来的35年里，加元的主要趋势一直在下降。浮动后，加元实际上在1974年5月升至1.04美元兑1加元的峰值（我们在本文中始终使用该惯例）。从那以后，加元开始了长期下跌，最终在在2002年初跌至62美分的低点。虽然大多数加拿大人可能会因为他们的货币被嘲笑为“美元”或“北比索”而感到畏缩，但加拿大林产品生产商通常会加力笑容，因为他们知道加元的弱点正在赋予加元与外国竞争对手，尤其是美国的外国竞争对手的竞争优势

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