Could Canada adopt the US Dollar as it's currency and more tightly intertwine the two economies short of becoming States?
And turn into a literal Greece, no thank you. If we adopt the US Dollar, we loose the ability to effectively save ourselves in times of economic hardship like this. Trudeau is going to have to make the Bank of Canada print money to get us out of this... imagine him needing to beg the United States Treasury to do the same at the amounts we need.
That said, a lower Canadian, while bad from a consumer perspective, isn't necessarily an indicator of a bad economy. This may in fact open doors for manufacturing jobs which certain provinces like Ontario may reap the benefits.
Here is the thing though. Our Manufacturing Sector is never going to come back, at least at the frequency it once was. Because no matter how bad our dollar gets, it will always be cheaper overseas, and by the time it isn't; we'll we will have moved on to it being almost completely automated
The invitation to become a US state is always open!
No thanks, we don't want to have to deal with Raging Gun-a-holics, Republicans and politicians being bought by money at insane rates. Not to mention the no Public Healthcare or their being a complete lack of the enhanced social systems we use daily. Don't worry though, we will bounce back.