CNBC had an interview with the great Paul Godfrey today, discussing the Canadian dollar and the effect on the team. Godfrey says that a $0.01 move upwards in the Canadian dollar equates to $730,000 improvement on the bottom line. Godfrey also states how much the payroll budget has gone up since the dollar has moved from the lows of $0.65 a few years back.
http://www.cnbc.com/id/15840232?video=597201328
The question is: will they increase payroll next year? I hope they are hedging it at these levels, my spidey sense says the Canadian dollar is going below par again soon.
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