Unrealized Loss Question:
I'm no accountant, If the the loss is unrealized and the Canadian Dollar increases this year will this loss shrink or disappear?
"In determining the net loss, MP included unrealized foreign exchange losses of $32 million on the translation of the Company's USD-denominated long-term debt. The unrealized foreign exchange losses are a result of the weakening of the Canadian dollar versus US dollar. The company notes, however, that the weakening Canadian dollar compared to US dollar is beneficial to the company as sales are made in US dollars and operating costs are incurred in Canadian dollars."