What does the U.S. dollar’s declining value against the Canadian dollar mean for your business? Has the overall impact been:
5% Very positive
16% Somewhat positive
19% Somewhat negative
21% Very negative
How has the U.S. dollar’s fall to parity with the Canadian dollar affected your view of leisure travel to Canada? Are you:
59% Less likely to visit Canada
40% Neither more nor less likely to visit Canada
1% More likely to visit Canada
Poll conducted 9/25
The markets adjust to perceived risk, and the U.S. is seen as risky. Our trade and budget deficits (and accumulated national debt) are enormous in any absolute measure. … But having lived outside the U.S. during an exchange rate swing, I believe from personal experience that there is a golden mean for exchange rates, and we are now far to the weak side of it.
-Jonathan Wilder, H&W Technology LLC
Our business transactions in Canada are denominated in Canadian dollars. Our fixed price list is in Canadian dollars, so of course when we are paid, we receive more U.S. dollars than if the U.S. dollar had not fallen. This is additional profit to us.
-David Lamb, CFO, Soleo Communications
It’s excellent for our economy. I spoke with a Canadian friend yesterday who said everyone there is talking about taking a vacation to the U.S.
-Steven Barber, financial adviser, Wachovia Securities
The fall of the U.S. dollar as compared to all other currencies is a direct reflection on how loonie our current administrative has become.
-Mike Shacket, Corner Office Consulting Inc.
09/28/07 (C) Rochester Business Journal