Bettman's nightmare has happened - 1 Canadian Dollar = 0.69 United States Dollar

[ShootIt]

Definitely a hard position to be in. Especially when there's a noticeable size difference between the two currencies.

 

[Nineteen67]

And yet Canadian fans will still use the fake “no tax” excuse

 

[Chips]

Players are paid in US, so if they play in Canada their spending power goes up substantially. Therefore all players should force their way to Canadian teams! It’s the new palm trees baby!

I know your joking

But what does this economically mean? That the cap won’t rise as much (cap squeeze pt2) or that escrow would have to go up if the cap rises?

And yet Canadian fans will still use the fake “no tax” excuse

But the last 5 cups! Don’t do the math on the full 20 years, 5 sounds better.

 

[TheBeerNerd]

Non-meme reply:

Wasn't this the exchange rate in the mid-90s as well?

 

[JianYang]

Non-meme reply:

Wasn't this the exchange rate in the mid-90s as well?

It's been as low as 63 cents or so in the early 2000s I believe.

Bettman has been around so long that he's seen the canadian dollar as low as that and he's also seen it higher than the usd in the early 2010s or so.

 

[Voight]

The World Cup was in 1994 and 1998. 1996 was the Eurocup.

Hes talking about the World Cup of Hockey

 

[Stickpucker]

Maybe now Canadian teams will actually get fair officiating in their games.

No, their bribes are now worth less

 

[Gizmo Tkachuk]

Just wait until the US economy shits the bed in the next few years and no one can afford anything.

The billionaires will be the only ones going to the games.

 

[The Gr8 Dane]

Just wait until the US economy shits the bed in the next few years and no one can afford anything.

The billionaires will be the only ones going to the games.

Here in Canada we have been priced out of games for like 10 years it's nothing new for regular people , you need a hookup or some work tickets to even go to a game unless you just love burning money

 

[KeithIsActuallyBad]

Why on Earth would Bettman care about Canada? Nobody else seems to.

 

[ShootIt]

Just wait until the US economy shits the bed in the next few years and no one can afford anything.

The billionaires will be the only ones going to the games.

So, the Amerant vault seating won't be affected.

 

[Ratsreign]

Canada's free agent signings are going to peak after we become an American state.

We shall rename it Rushya.
Or perhaps Rushland to avoid any confusion

 

[KeithIsActuallyBad]

On the plus side the United States of Canada will have its goaltending woes solved soon.

 

[TGWL]

Can we merge this with the other thread? Don't need a new one for every cent it drops.

 

[kerrabria]

Ottawa and Calgary's new arenas are locked in right?

 

[MoneyManny]

We shall rename it Rushya.
Or perhaps Rushland to avoid any confusion

I'm sure Trump would prefer Mexico-North.

 

[tfwnogf]

It's in Bettman's best interest that Canada become the 51st state. Make it so.

 

[Toby91ca]

When I want to know the state of our economy, I always go to hockey insiders.

Also, obligatory "nice."

I'm only just learning now that Pierre McGuire is an economist....who knew?

 

[Rob Brown]

And yet Canadian fans will still use the fake “no tax” excuse

State/provincial tax rates have nothing to do with this lol.

 

[oldunclehue]

Canada is right fu<ked come 2025, and the NHL is right to be worried.

1. Our dollar is sinking fast...65 cents value likely before Xmas.
2. Housing in 2025-26. 70% of mortgages need renewed and fixed rates are rising...dollar down, costs up everywhere.
3. Immigration killing services.

There is no money left....we are hooped.

This will get very very ugly. An election won't save it....only turn the ship around slowly.

State/provincial tax rates have nothing to do with this lol.

Tax and spend government has everything to do with inflation. There are like 6 taxes going up in 2025. Our dollar is getting killed, causes inflation, money printing the de-valuing of our dollar and we've been in an actual recession for a year. We are going into a depression.

Taxes and spending have everything to do with inflation and devaluing of the dollar.

 

[Reality Czech]

Players are paid in US, so if they play in Canada their spending power goes up substantially. Therefore all players should force their way to Canadian teams! It’s the new palm trees baby!

And the taxes?

 

[Rob Brown]

Tax and spend government has everything to do with inflation. There are like 6 taxes going up in 2025. Our dollar is getting killed, causes inflation, money printing the de-valuing of our dollar and we've been in an actual recession for a year. We are going into a depression.

Taxes and spending have everything to do with inflation and devaluing of the dollar.

He implied that this means that Canadian NHL fans (or any high tax state in the US) can't complain about tax because the dollar is bad even though the tax thing was still a discussion point when the dollar was good (or as bad anyway). The teams in no tax states still have an advantage in that sense.

 

[thebestnic]

View attachment 948048

The 80-cent dollar was something the NHL could live with but now we are creeping closer to where were in the 90s.

This is a case where politics and hockey become intertwined as It will affect the salary cap because HRR is in $USD - The simple truth is this is the lowest the loonie has been since the lost season of 2004-05.

Pierre McGuire fears it might drop to 50 cents



We can't ignore it but let us at least try to keep politics out of this

If Pierre think it's going to 50 cents then I will open my short positions...!

 

[Nineteen67]

State/provincial tax rates have nothing to do with this lol.

the purchasing power that Canadian based players receive beats the “no tax” myth.

 

[Rob Brown]

the purchasing power that Canadian based players receive beats the “no tax” myth.

The players benefit, yes, but the teams have to pay much more to make up for it (generally speaking) which eats up more of the cap, which puts them in more challenging positions.