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Because of an open-skies agreement and a cheap dollar, Canada now rivals Britain as their most popular destination.
Back then, this was offset by a strong improvement in America's trade thanks to a cheap dollar and buoyant growth abroad.
By condoning and even encouraging a cheap dollar, the administration is providing a big push to American exporters by making their products less expensive in foreign markets.
Foreigners bought up American goods at a near record rate, lured by a cheap dollar and a surge in demand in the international market.
If consumer spending stays weak and government stimulus spending eases over the next year, rising exports, fed by a cheap dollar, may be one of the only sources of economic expansion.
Mr. Jones, who forecasts that the April employment figures will show some 250,000 new jobs, noted that the economy is being fed by low interest rates, a loose fiscal stance and a cheap dollar.
Similar(43)
A cheaper dollar will help in that.
"That can only mean a cheaper dollar".
He added that a cheaper dollar will not be enough.
A sustainable recovery would require America to sell more to foreigners, aided by a cheaper dollar.
A cheaper dollar and stronger commodity prices, including energy prices, are likely factors.
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