One has to wonder if the loonie is gonna continue to fly high for awhile.. if it is a good or bad thing for us.
“The soaring Canadian dollar was one of the main topics of discussion during a local business luncheon last week that featured a presentation by James Westlake, group head of Canadian banking with RBC Financial Group.”
If you are buying properties in the U.S. of course it would be very good news for you. But if you are making US dollars and spending it in Canada, then like us, you will be concerned. In fact very concerned. The Canadian dollars is still going strong against the US dollars as far as I am concerned today, as to whether the US dollars will bounced back in 2008, no one even dares to predict or speculate. I don’t really know what to think of this money situation, but it sure doesn’t work in favour of us right now, not only because of our business and the tourist that we depend on in this town.. but other online businesses and businesses that we have in other part of the world.