It's not a good week to be an exporter...

Peter Rukavina

About 95% of [[Reinvented]]’s income comes from the U.S.A. So we get paid in U.S. dollars. And U.S. dollars keep getting less valuable. He’s a snapshot of the last week, for example:

U.S. Exchange Rate Graph

In the real world of cashing cheques (or rather checks, as they spell down there) this means that a $US10,000 check cashed last Wednesday would have garnered $CDN1630 in exchange while the same check cashed today would garner only $CDN1450, a difference of $180 in only a week. That’s a lot of lunches at the [[Formosa Tea House]].

The unfortunate irony of all this is that it’s in my best interests for the Canadian dollar to be worth less, something which happens, I presume, only when Canada is a less attractive and stable place to live. If only Quebec would separate, I could cash in!

Comments

Submitted by jsp on

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I assume you mean US$1,000, and not $10,000. If you’re getting paid $10,000 and only getting C$1,450, you are in real trouble!

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Photo of Peter RukavinaI am . I am a writer, letterpress printer, and a curious person.

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