Failing currency causing problems for Jays

[jaysfan2014]

It's a non-issue. Give it a rest already. This is more an issue in the NHL, not in MLB or the NBA.

[Dick_Pole]

Canadian Oil Companies love a low dollar . They pay their expenses in CAD and sell their product in US . The Jays are the exact opposite .

 

Since I suspect each division of Rogers is run on it,s own merits then stating that the Jays are only 1 % of Rogers doesn't affect this. Most agree the jays will have hedged at around 96 cents . Hopefully they hedged most of this years budget .

 

Like a lot of posters I think this affects next years budget more than this year with the $ expected to remain low for 2015 . I seriously doubt Rogers or the Jays have hedged any for 2015 ? so at the current rate that would cost then 10.72 % making 135 mil US about 149 CAD.

 

Technically it's the price of oil that they care most about. Though I know what you mean. But supposedly the price of oil and CDN$ is positively correlated because resource demand = demand for CDN$ to get our resources.

 

I'm sure the oil companies would love a $1.10 CDN if that meant oil prices were $150 USD a barrel.