What’s New — How to Manage the Lagging Loonie

LoonieAs the loonie hovers in the mid-70-cent range against the U.S. dollar, there are two distinct pairs of eyes watching the action closely: those who stand to win and those who stand to lose. Businesses that sell Canadian products or services – forestry, energy, the film industry – are cashing in; those that buy products priced in U.S. dollars – fuel, manufacturing parts, retail goods – are feeling the pinch. Most financial experts agree the Canadian dollar will continue to lose ground against the greenback for the foreseeable future. The winners will be fine, but how can everyone else manage?I spoke to Allison Boulton, International Trade Advisor withSmall Business BC, and Ted Mallett, Vice-President and Chief Economist for theCanadian Federation of Independent Business to find out what they recommend in my latest piece for Connected For Business. Click here or the icon above to read all about it.

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