The Canadian dollar is continuing its record setting rise, bolting beyond parity with the U.S. dollar. The Forest Products Association of Canada (FPAC) has called on the federal government and the Bank of Canada to take action in order to mitigate the damage occurring in Canada's manufacturing sector due to the rising dollar.rnThe Canadian dollar has risen as much as 25% in the last year and more than 60% over the last five years. The rising dollar makes Canadian products harder to price competitively in a global economy. The forestry sector, which exports over $40 billion of wood, paper and pulp annually to external markets, is particularly vulnerable because all the major inputs into these products, such as fibre, energy and labour, are sourced in Canada, and therefore priced in Canadian dollars.
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