Impact of Exchange Rate on Vehicle Imports into Canada

With the Canadian dollar hitting new 3 year highs against the U.S. dollar, vehicles continue to be imported into Canada.  A chart below showing vehicle imports as against the exchange rate.  The chart shows vehicle imports into Canada through the RIV program and the average annual exchange rate between the Canadian and American dollars as reported by the Bank of Canada between the years 1997 and 2010.

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