As well, many individual Canadians – and their pension funds – have benefited greatly from the gains in the value of their own investments in commodity-producing firms. 11 Finally, the rise in our terms of trade has brought with it an associated appreciation of our currency that has benefited everyone by lowering the cost of imported goods and services.
With this downward pressure on import prices, productivity-  10  For example, the prices of many non-indexed commodities have risen more rapidly than those of indexed ones.