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