Tilted Forum Project Discussion Community - View Single Post - Canada: How do you feel about the dollar?

Leto · 05-30-2007, 08:49 AM

I think it is all about trends and how we adapt to exploit the situation. For example, Toronto and Vancouver have developed a very robust cinema industry based on the relative cost of production between here and the US.

But since the decline of the US$ (I think the C$ is not improving as quickly on the global stage as the US$ is declining relative to the C$) it is less attractive to come to Canada and subsequently there has been a recession in film production here.

Luckily we managed to leverage the good times into a fairly healthy film festival in Toronto and Vancouver.

On the flip side, with a stronger C$ our pro-sports franchises have more buying power on the North American stage, and can even entertain the thought of purchasing American teams and moving them to Canada (for example RIM's owner's purchase of the Nashville Predators, and the rumour that they will move to Kitchener Ontario).

Back when I was in gr 9, i worked at Mcdonalds. I remember that the C$ cost $1.09 US that summer of '74.

What I worry about is the fluidity of world markets, and how quickly the trend could reverse itself. It's hard to build a long term strategy on changes that can occur over-night.

I also worry that the American economy will sink/slow down further because, as they go, so will we sooner or later.

05-30-2007, 08:49 AM	#2 (permalink)
Leto Junkie Location: The Danforth	I think it is all about trends and how we adapt to exploit the situation. For example, Toronto and Vancouver have developed a very robust cinema industry based on the relative cost of production between here and the US. But since the decline of the US$ (I think the C$ is not improving as quickly on the global stage as the US$ is declining relative to the C$) it is less attractive to come to Canada and subsequently there has been a recession in film production here. Luckily we managed to leverage the good times into a fairly healthy film festival in Toronto and Vancouver. On the flip side, with a stronger C$ our pro-sports franchises have more buying power on the North American stage, and can even entertain the thought of purchasing American teams and moving them to Canada (for example RIM's owner's purchase of the Nashville Predators, and the rumour that they will move to Kitchener Ontario). Back when I was in gr 9, i worked at Mcdonalds. I remember that the C$ cost $1.09 US that summer of '74. What I worry about is the fluidity of world markets, and how quickly the trend could reverse itself. It's hard to build a long term strategy on changes that can occur over-night. I also worry that the American economy will sink/slow down further because, as they go, so will we sooner or later. Last edited by Leto; 06-01-2007 at 07:41 PM..