Kukla's Korner

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Concerns About the Canadian Dollar

From CBC:

The unpredictable nature of the Canadian dollar means the NHL’s six Canadian teams are involved in a high-stakes contest of financial chicken, trying to stay one step ahead of the loonie at all times.

It’s a game they can ill afford to lose.

As recently as last November, the Canadian dollar briefly reached $1.10 US, and still hovered above par with its American counterpart in May. But on Wednesday the once-mighty loonie plunged below 80 cents U.S., and it could keep falling, according to market experts.

Continued here.  There’s also an excellent graphic accompanying that CBC article which shows how notably the fluctuating dollar affects Canadian teams, and I’ve taken the liberty of copying it below:

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*chart from CBC.ca

Filed in: NHL Talk, NHL Business of Hockey, | KK Hockey | Permalink
  Tags: canadian+dollar

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

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