Do you think this business is recession resistant?

[Ramster]

Originally Posted by Jim

But our exports are way up You guys in Canada must be loving the cheap prices.

Either Christmas or the Chinese will be the final nail in the coffin. With mortages so hard to get, house prices are down. People no longer feel safe using their homes as an investment and won't spend as much for Christmas. And, if the Chinese blowhard is right about them moving the 1.3 Trillion from US dollars to Euros, that will hurt.

Yes that would hurt bigtime.

Most people are loving the US shopping for sure. Bus loads going across the border every weekend I am reading. But remember I make all my income in US dollars and the exchange was down 10% from Oct 1 to Nov 1 and 25% this year.

[SirMoby]

Originally Posted by Ramster

Yes that would hurt bigtime.

Most people are loving the US shopping for sure. Bus loads going across the border every weekend I am reading. But remember I make all my income in US dollars and the exchange was down 10% from Oct 1 to Nov 1 and 25% this year.

I hate to tell you this. The dollar is going to drop even further. It will keep going until a good economic policy is put in place and then it will slowly glide downward for another 6 months. Only then will it turn upwards again.

It sucks but I didn't vote for him

[Ramster]

Originally Posted by SirMoby

I hate to tell you this. The dollar is going to drop even further. It will keep going until a good economic policy is put in place and then it will slowly glide downward for another 6 months. Only then will it turn upwards again.

It sucks but I didn't vote for him

Around here analysts are saying the same thing unfortunately. But the provincial (state) governments are starting to ask the Feds to lower interest rates here in Canada or do something. It is really hurting Canadian retailers as shoppers are heading south. With the duty it is still way cheaper.

Local shoppers are starting to get frustrated too. A magazine has a price tag on it:
$4.95 US
$6.95 Canada

This is pissing people off since the dollar is almost 10% higher than the US dollar.

[ponygirl]

Originally Posted by Ramster

Local shoppers are starting to get frustrated too. A magazine has a price tag on it:
$4.95 US
$6.95 Canada

I noticed at the Wal-Mart the other night that they are selling the magazines for the US cover price. Some of them didn't even have the Can. price on the cover.

Zellers (a Canadian company) has already advertised they are lowering prices here too. I'd rather shop for less here than go across the border.