FlyerTalk Forums - View Single Post - Has the CDN dollar been affecting you?
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Old Jun 5, 2006 | 8:10 am
  #173  
Snoopyo
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Personally, it has hurt me since I still have sizable chunks of USD earned when it was $1.60, 1.50 and 1.35 and 1.25.

But I really think the high CAD is hurting manufacturing, especially the ones that exports. They cannot get more money since they sell in USD, etc but a lot of their costs are in CAD so they are being squeezed. If this continues, expect to see more of the small to medium sized business to go under and some multi-nationals still producing in Canada to pull out and import instead and just leave Canadian operation a marketing company.
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