Kukla's Korner Hockey
by Alanah McGinley on 10/23/08 at 06:00 PM ET
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.
*chart from CBC.ca
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