Quote:
Originally Posted by Freeway
Looked at numbers. Forbes numbers are in USD, I believe. Canadian dollar dropped like a stone over last 3-4 years before the recent recovery. It's PRIMARY an exchange rate story, not a "Calgary's a small market" story.
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The anomaly is a strong Canadian dollar.
The average exchange rate since 1990 is 80.9 cents. 9 years in the last 27 the average yearly exchange rate was over 80 cents.
The story is probably more accurately labeled as 'Calgary's a small Canadian market'.
http://www.canadianforex.ca/forex-to...-average-rates