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Our currency and that of Canada is now equal in value
Message
 
À
21/09/2007 11:55:15
Information générale
Forum:
Finances
Catégorie:
Capital
Divers
Thread ID:
01255918
Message ID:
01256012
Vues:
12
>I wonder if businesses and vending machines will actually accept Canadian coins now? :o)

That is a good one! :)


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>>That's very kind of you, Tracy. Did you not take your get-the-joke pills this morning? I knew that Canada obviously has a large ecomomy. Why, is it not one of the G8 participants?
>>
>>>According to Fita, Canada mainly exports mineral fuels & oils, vehicles, machinery, and electric & electronic equipment.
>>>
>>>http://www.fita.org/countries/canada.html
>>>
>>>Here is a complete breakdown of exports by Canada:
>>>
>>>http://www40.statcan.ca/l01/cst01/gblec04.htm
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>>>
>>>>>>>That goes deeper than that just the exporters. All the companies that does business with the exporter will also be affected, even if they focus on other qualities other that just low price.
>>>>>>>
>>>>>>>We also have to deal with our geographic location. USA is our closest neighbour and we need them, like it or not, to grow because our market is just not big enough. If we loose business with the US, shipping elsewhere will necessary cost more because of the distance. Doing business with a greater market enable the company to lower the production cost because of the volume. If the market is reduced, the production cost will raise and the company will be vulnerable to the outside competitors.
>>>>>>>
>>>>>>>>That's really a problem for exporters, and it's really only those who depended wholly on the low Canadian Dollar in order to be viable. Especially in this volotile world, companies need more imagination than that, and if they don't have it, then yes, they'll probably have to close. Far too many companies have nothing more to offer than low prices on the world market. I hate to say it, but in these times, that's just not enough.
>>>>>>
>>>>>>What could you guys possibly be selling to the US? Surely they can get their own maple syrup from Vermont? {gd&r}
>>>>>
>>>>>It might hurt the lumber industry.
>>>>>
>>>>>http://en.wikipedia.org/wiki/United_States-Canada_softwood_lumber_dispute
>>>>
>>>>Oh of course. Well ... apart from maple syrup ... and lumber, what have the canucks ever sold to us?
>>>>
>>>>(feel free to join in with new suggestions :-)
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