The decline in the value of the Canadian dollar relative to the US dollar is expected to provide a boost to the manufacturing sector. There is certainly no shortage of commentary on whether the fall in the dollar is the result of economic fundamentals or an engineered conspiracy designed to boost Conservative re-election prospects in the short-term. Check out some of the commentary by Coyne, Corcoran or Babad. Yet what I find more interesting is the belief that somehow a lower dollar will resurrect Canadian manufacturing and provide the antidote to a decade of “Dutch Disease”. If that is indeed the hope, good luck with that.