No J-curve in the north

The J-curve is the concept that when your currency rises (or depreciates) rapidly it takes a while for the negative (positive) effect to take place. This is because it just takes a while for people to substitute away (toward) from your exports. This doesn't hold is Canada mainly do to the fact that most of Canada's exports are commodities and are sold on the world market. Hence the negatives hit right away...hence this article.