GREY:MWSWF - Post by User
Post by
samsonson Jan 23, 2015 11:22am
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Post# 23355937
BTW CAD $
BTW CAD $I'm a Canadian who lets say lives an international life, anyways... Has anyone else noticed the plummeting Canadian dollar that has been getting hit hard with the falling oil prices and that took yet another dive this week when they announced the interest rate cut? Unfortunately the Galena financing is in Canadian dollars. The money is shrinking fast before they even get to use it. Like MWE's financing from Galena, as someone who personally makes their income in Canadian dollars and spends a lot of it internationally, trust me that the CAD sucking really hurts the bottom line. Its down almost 20% to the local currency here in less than 4 months.