High Canadian dollar hurts technology companies
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High Canadian dollar hurts technology companies
Submitted by Khalid on Thu, 2007/06/21 - 23:40A rising Canadian dollar is posing a challenge for technology
companies, which mainly pay expenses in Canadian currency but sell
their products in U.S. dollars.In the past three years, the Canadian dollar has risen from 75 cents to 94 cents.
For Ottawa's Elliptic Semiconductor, which sells computer chip designs
to the U.S. and Asia in U.S. dollars, that means fixed costs such as
salaries have risen around 25 per cent relative to income from
individual sales ...
Full article on the CBC.
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