Question for those better at understanding financials?See recent reports of Canadian dollar headed lower. What impact will this have on Chorus? Thanks. kmapp
Canadian dollar could sink to record low of 62 cents Financial Post link:
https://business.financialpost.com/news/economy/fidelity-sees-loonie-testing-62-cent-low-amid-slowing-economy Copied from Chorus Q4 2018 report.
Net income was $2.0 million for the period, a decrease of $18.0 million or 89.9% from the same period of 2017.
The decrease was primarily due to a quarter-over-quarter change in unrealized foreign exchange losses on long-term debt of $30.5 million Net income was $67.0 million for the year, a decrease of $100.3 million from the same period of 2017.
The decrease was primarily due to a year-over-year change in unrealized foreign exchange losses on long-term debt of $110.4 million and foreign exchange gain on cash held for deposit of $1.6 million With the
establishment of our new US $300 million credit facility and the capital we have on hand, we're maturing and building scale as a worldwide lessor.