Quote:
Originally Posted by Erick Estrada
Canadian dollar is predicted to drop into the $0.80's range in the coming year or two which will have a big affect as it's the Canadian teams bringing in a big share of league revenue. Even that Rogers TV deal is in Canadian dollars so if the dollar does worse than anticipated the cap may not grow as expected.
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The Canadian dollar COULD hit as low as 88 cents in the next 6 months, but it'll almost certainly stabilize around 0.93.
A few weeks in the very high 80's is going to have almost zero effect on the NHL.
This is all of course if BoC doesn't raise rates, gold and oil stay low, and other economies keep improving at the current rate.
Saying it'll "drop into the 80's range in the coming year or two" is true, but a bit disingenuous, as the reality is it MIGHT drop into the 80's for an extremely small amount of time in the next 6 months (followed immediately by a rise back into the low/mid 90's).
As far as the economy between the two countries goes, what you see is what you're going to get, more or less. Not that this has a large affect on Canadian teams and the salary cap. It could maybe hurt overall revenues by a percent or two, but at least Canadian teams don't have to worry about a repeat of the 90's.