Falling loonie part of a new race to the bottom

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http://i.cbc.ca/1.2935113.1422486785!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/russia-downgrade.jpg Economists will tell you a falling currency is good for exports. But even as the loonie heads below 80 cents US, it won't work if everyone else does the same thing.


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