Business leaders as a whole believe that the U.S. dollar is in slow decline but that on balance its expected faltering is not likely a sign of economic weakness to come.

The faltering greenback is likely to do some damage to Canadian exports to the U.S. but it is also likely to slow the hollowing out of Canadian companies and head offices.

On balance, Canadian business leaders are more sanguine about the impact of the faltering greenback on corporate ownership issues than on the brain-drain. For example, the faltering U.S. dollar is likely to do more to slow Canadian asset sales than it is to slow the brain-drain. Furthermore, to slow Canadian asset sales the Canadian dollar would have to rise to an average of 92 cents American while to slow the brain-drain, respondents say, the loonie would have to rise to virtual parity (99 cents American).

These are the key findings from the current web-survey of CEOs and other business leaders conducted by COMPAS on behalf of the National Post under sponsorship of the Canadian Chamber of Commerce and CIBC.

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