Showing posts with label canadian. Show all posts
Showing posts with label canadian. Show all posts

Monday, May 21, 2007

Rising Canadian dollar and Forestry

Recent reports predict that the Canadian dollar will stay strong, and could reach parity with the US dollar. This ofcourse places pressure on Canadian forest companies who sell to the US, because they receive less in exchange when they convert their US sales to Canadian dollars. It could be a rough road ahead for lumber companies, as the outlook is not good for the US dollar, and the Canadian dollar is expected to stay strong as long as metals and oil remain in a bull market.