Results 1 to 9 of 9
  1. #1
    Join Date
    Feb 2013
    Location
    Manitoba, Canada
    Posts
    120

    Default Falling Canadian dollar

    The Canadian dollar is below .90USD. How does that affect your operation? Are you looking south for business opportunities?

  2. #2
    Join Date
    Jul 2013
    Location
    Mirabel, Québec, Canada
    Posts
    423

    Default Re: Falling Canadian dollar

    Higher costs for materials and equipment that we buy, either directly or indirectly, from the States... As we don't export, it's no good for us.
    www.apisrustica.com (French-only website) Bee Breeding: Canadian nuclei & queens / northern hygienic bees

  3. #3
    Join Date
    Sep 2011
    Location
    Skiff, Alberta, CA
    Posts
    502

    Default Re: Falling Canadian dollar

    I haven't checked lately but is it possible the US dollar is rising as opposed to the canadian dollar falling? If that's the case, I don't know why as the US economy is so shattered that the US dollar should be worth about 50 cents.

  4. #4
    Join Date
    Jul 2013
    Location
    Mirabel, Québec, Canada
    Posts
    423

    Default Re: Falling Canadian dollar

    In most cases, it comes down to the same thing. In the end, it's the USD:CAD ratio that matters, regardless of why it changed one way or another. If the canadian dollar is relatively strong, exports are harder and imports are cheaper. For a business like ours that doesn't export anything, a strong dollar is a good thing, because it lowers our costs. For a business that exports more than it imports, the opposite is true.
    www.apisrustica.com (French-only website) Bee Breeding: Canadian nuclei & queens / northern hygienic bees

  5. #5
    Join Date
    Jan 2005
    Location
    souris, manitoba, canada
    Posts
    769

    Default Re: Falling Canadian dollar

    Canada is a producer ,exporter of raw products,....hewers of wood ,drawers of water,sellers of oil.The US is our largest trading partner , market.The US industrial,military, financial complex,which dominates the world ,and is the worlds reserve currency, determines what the Canadian loonie is worth in US value.That loonie is going to be playing a little limbo .....how low can it go?

  6. #6
    Join Date
    Nov 2004
    Location
    Owen, WI, USA
    Posts
    2,549

    Default Re: Falling Canadian dollar

    Please keep this discussion on topic to marketing honey. A broad economic discussion is off topic and more suitable for tailgater.
    Thanks,
    Sheri

  7. #7
    Join Date
    Jan 2003
    Location
    Manitoba Canada
    Posts
    6,214

    Default Re: Falling Canadian dollar

    Quote Originally Posted by JoshW View Post
    The Canadian dollar is below .90USD. How does that affect your operation? Are you looking south for business opportunities?
    I just bought a new honey machine out of Nebraska, ... the currency hit me the wrong way this time... I happen to be buying in foundation also,,,
    But the dropping dollar will help improve my overall sales, "how low can it go?" ... remember the 75cent buck now give us that in this market! $$$
    Ian Steppler >> Canadian Beekeeper's Blog
    www.stepplerfarms.com

  8. #8
    Join Date
    Oct 2011
    Location
    Edmonton, Alberta, Canada
    Posts
    687

    Default Re: Falling Canadian dollar

    Researching the internet, it appears that Canada exports aprroximately 50% of the 90 million pounds of production. The US market accounts for ?85% of Canadian exports.

    I know a local commercial honey producer(900 hives) who sells his production using a broker and some of his honey is going to the US. I don't know the percentage.

    A lower Canadian dollar makes Canadain honey more affordable in foreign markets. This generally results in larger volumes of exports and a higher price to the producer.
    If you always do what you always did, you'll always get what you always got!

  9. #9
    Join Date
    May 2013
    Location
    Whitla Ab. Canada
    Posts
    455

    Default Re: Falling Canadian dollar

    Quote Originally Posted by Dominic View Post
    In most cases, it comes down to the same thing. In the end, it's the USD:CAD ratio that matters, regardless of why it changed one way or another. If the canadian dollar is relatively strong, exports are harder and imports are cheaper. For a business like ours that doesn't export anything, a strong dollar is a good thing, because it lowers our costs. For a business that exports more than it imports, the opposite is true.
    What you say is true, the only thing I have to add is that the new Governor of the Bank of Canada does not even acknowledge the Canadian Honey producers. He's only interested in Eastern Manufacturing or the Western Oil and Gas producers. He wants to crash our dollar, so our best bet is to consider this when we are making our marketing decisions this year. I'm not looking at purchasing any new equipment this year from the US and I'm glad I've already locked in the price for my packaged Bees.
    Colino
    A Bank is a place where they lend you an umbrella in fair weather and ask for it back when it rains.- Robert Frost

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Ads