Quote:
Originally Posted by BlackArcher101
I work in the manufacturing industy... in Oil&Gas to be a bit more specific. For my company, what you say here is not true at all and the 3 reasons you give aren't even a factor for us. What is killing us and going to kill us is the fact that we export product and sell in USD. Already we have seen our profit margin drop because of the dollar.
|
That's interesting. I'm not an expert nor am I contending what you say...but I have a question. This is not just a result of the canadian dollar going up, but also a result of the USD going down, if compared against various currencies. How would it benefit the US to buy from another market instead of Canada if their dollar is not worth as much no matter where they turn?
I think that makes sense...