: Salary Cap:
Bettman: No big cap changes expected for 2010-11/Brooks update
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05-05-2010, 02:13 PM
Join Date: Apr 2010
Originally Posted by
Boom Boom Geoffrion
What can we expect from the Canadien dollar down the road? Any brainiacs out there that can look into the future or post some sort of educated guesstimate?
Is it wishful thinking to expect a 60M-Cap by 2012?
The C$ should stay pretty close to par for the next while. It hit close to par about a week or ten days ago, but the Greek debt crisis caused markets to take some refuge in the $US (which drove the $C down comparatively).
Given Canada's relatively favourable debt:GDP ratio relative to the US, and the fact that Cdn manufacturers are responding well to the challenge of the higher dollar, there is little incentive for the Canadian gov't to intervene to lower the C$ in order to make Cdn exports more attractive to foreign buyers. Most estimates I've seen put the $C at about 0.95 to 0.98US for the next while...
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