- Joined
- Jul 9, 2006
- Messages
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The loonie rose 0.41 cents US, hitting $1.0335 on world markets in mid-morning trading.
Let's face it -we have a petro-dollar and with oil futures looking even higher our dollar should be dragged along for the ride - but is that a good thing for your business?
I know I would prefer a sub-dollar dollar as so many advertisers pay in US dollars only. It stinks taking a percentage hit when times are already rough. You can only hoard American dollars for so long before you want to convert them... and I've got a small and growing pile of checks that need to be cashed.
I also nearly lost an American customer who didn't much care for paying in Canadian dollars as they didn't want to pay the extra needed, but were of course happy enough to let me eat the exchange....
How about you - is the high Canadian dollar a hindrance, a mild nuisance, or a good outcome?
Let's face it -we have a petro-dollar and with oil futures looking even higher our dollar should be dragged along for the ride - but is that a good thing for your business?
I know I would prefer a sub-dollar dollar as so many advertisers pay in US dollars only. It stinks taking a percentage hit when times are already rough. You can only hoard American dollars for so long before you want to convert them... and I've got a small and growing pile of checks that need to be cashed.
I also nearly lost an American customer who didn't much care for paying in Canadian dollars as they didn't want to pay the extra needed, but were of course happy enough to let me eat the exchange....
How about you - is the high Canadian dollar a hindrance, a mild nuisance, or a good outcome?