The Mudcat Café TM
Thread #60489   Message #967981
Posted By: Little Hawk
17-Jun-03 - 06:25 PM
Thread Name: BS: Canadian vs. US $
Subject: RE: BS: Canadian vs. US $
One more thing to keep in mind...the US dollar has been declining in value against the Canadian dollar at a rate not seen in decades. Only three months ago I could get Cdn $1.58 for a US dollar. Now I get Cdn $1.34 approximately. This has cut into my profits considerably, since I make money be exporting from Canada to the USA. Figure it out. My US customer payments are now worth 18% less than they were three months ago.

Bush is smart. He has given the USA financial relief and improved its international balance of trade by driving down the value of the American dollar. It only remains now to see just how low it will go.

Not too much lower, I hope! If I were to raise my prices to fully compensate, I would simply lose all my American customers, so I have to grin and bear it.

- LH