USD at 1.27 today. The sky is falling

[Rice Reef]

Originally Posted by Reef Pilot

Private sector spending that is... Yeah, it's a vicious circle. Means even less market for our goods down there.

Only good news is that our lumber industry in BC will get a much needed big boost (Quebec, too). Certainly can't count on anything happening with our LNG hopes, at least not anytime soon...

Yep. Guess it's time for BC to have some of the lime light. Alberta will be in trouble in 6 mths.... Layoffs already started in the oil sector. 38% drop in real estates sales already...

[Reef Pilot]

Originally Posted by Rice Reef

Yes, where the Cdn dollar was not so affected was against the Euro. Canada will try to change its focus to the European market but I doubt it.

Well, they have been working hard and long on a free trade agreement with the EU. Still not final, but that could help.

I think we also need to focus more on China, and Asia in general. Big market there, and they do want things that we have, and I don't just mean oil. But domestically, we have to make the most of what we do have and can do, and stop trying to artificially support failing industries.

I was in retail (big box) all my career, and it is unbelievable the hoops and regulations you now need to go through to build or remodel a store. What used to take 2 or 3 years (from plans to completion) now takes 5 - 7 years, and what used to cost 2 - 4 million, now costs 5 -7, and more. This is over a span of just 10 years. With all the govt fingers (municipal are the worst, then provincial) involved, with all their assessments, consultations, and delays, it is making it very, very difficult to do business in Canada. Only the guys with very deep pockets and very long strategic time frames (like Walmart, Costco, etc) can survive. Cdn companies are at a huge disadvantage, caused by their own govts.

Sorry for the rant..., but I had to live this for the last part of my career,... and have very strong opinions here.

[Reef Supplies]

Oy :-(

http://www.ctvnews.ca/business/how-l...pert-1.2486200

[Doug]

Sucks for our imported equipment

[Reef Supplies]

Originally Posted by Doug

Sucks for our imported equipment

sucks for 99% of EVERYTHING we buy. If this guy is correct......oyyy

[xenon]

This is going to be a major issue.

The prices of corals will also be effected because they are always purchased from farms in US dollars.

[Doug]

Originally Posted by xenon

This is going to be a major issue.

The prices of corals will also be effected because they are always purchased from farms in US dollars.

Guess we just have to buy when sales are on...

[Reef Supplies]

http://www.ctvnews.ca/business/canad...-low-1.2500923

[Aqua-Digital]

Good for my USD account right now

http://www.xe.com/

take into account that's interbank rates in the link the consumer can pay anything up to 6.0 points above this!!! but typically around 3.0 points.

I have strong Corporate connections to Canadian Forex which means we pay a small 0.1 above interbank which helps us keep pricing as low as physically possible.

[Reef Supplies]

Originally Posted by Aqua-Digital

take into account that's interbank rates in the link the consumer can pay anything up to 6.0 points above this!!! but typically around 3.0 points.

.

That's right! Anyone who uses their CAD CC to shop in the USA will pay in upwards of 1.35!