Its amazing the difference a year makes
Only last year at this time the Canadian dollar was trading close to par to the US American currency. Canadian car shoppers quickly found a bargain only to be warned of the perils – almost the illegality of not immorality of bringing a car back to Canada from the US. The auto industry swung into high gear , rules were created , obstacles were created at the Canadian US border to impeded the flow. It was immoral to import a Nafta Canadian made car back into Canada repatriating it so to speak.
After all “they are only importing a car into Canada “. From where a factory in Quebec which was the origin.
Yet now the tables have turned. The Canadian dollar has fallen greatly in relation to its American counterpart. Will these same dealers complain ? Will the manufacturers send out threatening letters to its Canadian dealers not to sell to Americans ahead of any fore warnings from their US counterparts ? After all times are tough and the Canadian dealers need all the cash flow they can get.
So is life. It all depends on your perspective and what side of the fence you are on – well at least currently.
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