2002:08EM - Canadian Sovereignty and Dollarization
Whereas Statements
- Whereas #1 The National Council of Women of Canada (NCWC) has long defended Canadian sovereignty.
- Whereas #2 Canada must be cautious about further North American integration, as harmonizing policies with the U.S. could mean adopting American policies without control over future changes.
- Whereas #3 The Argentinian peso was pegged to the U.S. dollar, which damaged Argentina's economy, showing the risks of dollarization.
- Whereas #4 If Canada adopts the U.S. dollar, it could lose control over its economic policies, including trade, foreign affairs, military policy, pensions, healthcare, and labor rights.
- Whereas #5 Adopting the U.S. dollar could weaken Canada’s parliamentary role in key areas like energy, immigration, and the environment, shifting decision-making power toward the United States.
Resolved Statements
Resolved #1 The NCWC adopts as policy that the Government of Canada should not make any changes that undermine Canadian sovereignty, especially by not adopting the U.S. dollar as Canada’s currency.
Resolved #2 The NCWC urges the Government of Canada to retain the Canadian dollar as its national currency and to reject the adoption of the U.S. dollar.
Resolved #3 The NCWC urges the Government of Canada to refrain from policy harmonization with the U.S. dollar or any form of dollarization that threatens Canadian sovereignty.