Canadian Dollar and Canada

migrant workers: How low can the loonie go A look at how to decide: Don PittisLoonie edges lower as stock markets, oil rise A plunging Canadian dollar isn't just bad news for cross-border shoppers and travellers, according to CBC. It also affecting Morris and the many other immigrants and migrant workers in Canada supporting family members abroad. It just the exchange rate is outrageous," she told CBC News. According to the World Bank, migrant workers in Canada send about $24 billion US to other countries every year, with the majority of the remittances going to China, India and the Philippines. Families in need Morris moved to Canada when she was 15. Now, with the Canadian dollar dropping below 70 cents US, that money isn't worth nearly as much in other parts of the world. (www.immigrantscanada.com). As reported in the news.