posted by SportsAnna
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globesports.com - 10/30/2008
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The sudden nosedive of the loonie this month and its continuing volatility threaten to wreak havoc with the finances of Canadian sports businesses that face heavy expenses in U.S. dollars.
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... even the Globe and Mail's Brian Millner, who is the best sports economist in the hockey world in my opinion, notes that the economic, um... I don't know what you call it, but when your family puts in a hundred years of combined service to Dodge and Chrysler, and that brand might end in a few days, it's bad right now...the whole economic mess thing won't immediately affect the NHL's bottom line, despite the fact that the Loonie lingers at the 80-cent-level, for a simple reason: October 30, Globe and Mail : Damage to the bottom line from the slow economy and the currency ...
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