Forestry and Environmental issues in Canada, the US, and the world brought to you in a forestry blog by a BC Professional Forester.
Showing posts with label dollar. Show all posts
Showing posts with label dollar. 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.
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