The issues are being addressed as if they are economic when they aren't-- they are political.
Looking at this from a fiscal and economic point of view, the last time Canada faced a deficit problem the dollar was too low and interest rates too high. This encourages a tighter fiscal policy that makes it difficult to address weaknesses in the economy. Today the dollar is too high and interest rates are at record lows. I assume therefore that we ought to be able to print some more money which would allow the dollar to drop. A short term solution but not ineffective.