Throwback Thursday is a regular weekly feature in which we dip into the archives of the Hardlines Weekly Report.
We ran a “Special Report” on July 14, 2014, in which we talked about “the decline of the Canadian dollar compared to U.S. currency.” The Canadian dollar was at that time worth 90.5 cents American. We said that a falling dollar would translate into higher prices for dealers when they imported products from the U.S.
“The Canadian dollar has declined by 10 percent since Q3 last year and some economists are forecasting it could go as low as 85 cents,” we said. The Canadian dollar would go on to crash to 68.7 cents American on Jan. 19, 2016. It currently sits at 73 cents in U.S. currency.
