Don't you think that, by having Canadian companies offer goods & services to Cdns at lower prices, the purchasing power of the average Canadian actually increases?

Perhaps the person with the post-graduate degree in English (which my point was she would have a hard time finding any job in any country with that kind of degree ) would get a re-training allowance to allow her to become more productive in an industry where Canada still has a competitive advantage? With this choice of specialization, the relative economies of Cda & [insert your choice of country here] expand and the respective infrastructure expands with it.

Perhaps she could actually get a job with the US companies who still outsource some of their jobs to Canada because of the "third world country" status the low dollar gives us? (Although it has appreciated somewhat.)

Perhaps she could use some of those analytical skills garnered from her English degree to take advantage of arbitrage opportunities that still exist between Cda and India.