Augen on 26 March 2015
| Boutros said:
Please... It's a good deal for people in the US but still terrible for people in Canada. |
Maybe, but I don't blame the companies, I blame the Canadian dolloar for losing so much value over past year.
In 2013 it was ~1:1 with US and prices reflected that, now it is ~1.25:1 and prices reflect that as well. What happens to imports under a weakened currency. On the plus side your exporting companies in Canada have to be loving it right now while ours are hurting. All depends on where in the economy you fall how you feel about your currency's evaluation.
