Rick Westhead
With the stock market in free fall, President Trump is promising more new tariffs on Canada, calling again for Canada to join the U.S. as its 51st state, and is threatening to "permanently shut down" the Canadian auto sector.
(Ontario's auto sector employs more than 140K workers and is the world's second-largest after Michigan.)
The sports industry, like all sectors, is not immune from the uncertainty.
An NHL team executive told me today concerns are mounting that North America is heading towards a recession and that the Canadian dollar will plunge to $0.60 cents or less. (The dollar’s record low was $0.618 in 2002.)
The seven Canadian NHL teams and three Canadian MLS teams pay player salaries in U.S. dollars and generate most of their revenue in Canadian dollars.
Location: Living rent free... in your head, ON Joined: 09.20.2010
Yesterday @ 12:38 PM ET
about that cap going up - senstroll
Ah man.
I called it...said not to buy into the "guarantee" that the cap was going up year over year to $115m over 3-5 years. As some outside factor could easily change it.
The orangerapist looks to be that factor.
Location: Living rent free... in your head, ON Joined: 09.20.2010
Yesterday @ 12:39 PM ET
Soooooo, what is Trump's actual plan, here?!? - Whipper
Cause chaos and crash the stock market.
Then him and all his buddies buy low on stocks, he stops doing his stupid actions, markets recover, he takes credit and makes a boatload of cash?
Cause chaos and crash the stock market.
Then him and all his buddies buy low on stocks, he stops doing his stupid actions, markets recover, he takes credit and makes a boatload of cash? - Fakepartofme
lower cost of living...cheap eggs..making merica great ...or something
