One positive note is that hotel points will now be converted at par. Most hotel reward programs pay 10 points per US$ spent!

On a not so good note, our manufacturing sector will suffer considerably. Many of my customers are already looking at outsourcing some of their production to the US and other countries as they can no longer be competitive. This will probably be a very unpopular view, but I think it would be much better for our economy if the Cdn dollar stayed at .85 or lower.