On Thu, 1 Feb 2001, Rodger Whitlock wrote:

> One problem not mentioned so far: We Canadians labour under the
> problem of a seriously devalued currency; between the exchange rate,
> shipping fees, and taxes on imported goods (14% in BC), a bid for $1
> US translates into a total payment of $2CDN more or less, so we must
> be quite cautious in our bidding.

Very true.  And with banks buying at $1.48 and selling at $1.52
(roughly) we lose out there, too.

chris

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