NHL and NHLPA “watching closely” decline of Canadian dollar

[Jumptheshark]

Yeah, I know. Just having fun. I always get a kick out of the rhetoric " The US economy was humming along when so-and-so was in charge but went into the crapper when party B took over."

I am trying not to bring politics into this because many people who see this thread wont behave. Being in Europe gives me the ability to look from the outside in. What is hurting the looney is how unpopular JT is, Canada has to have an election by October 25th and the guy who will be in the big chair in the US in Feb does not like him and many foreign investors believe he will us Canada a chew toy until JT is gone and even then he may still be pushing tariff's on Canadian exports to the US. that is causing massive problems.

 

[Jumptheshark]

I think posters need to realize and understand that the US is coming to the end of an election cycle and Canada is in one (whether people realize it).

Markets and investors hate instability, uncertainty, governmental uncertainty, lose of trust in both the government and business leaders. The list goes on.

Since August 31st the looney has lost .03 vs the US buck. Many things have caused this with the fact JT has not laid out his parties reelection plan in any way shape or form and when it became evident that their would be a change in the US top job, eyes turned north and investors and markets did not see leaderships not only in JT but in the business leaders and that lead investors to put their money elsewhere and the markets fallowed.

Economics is a difficult subject to explain because there are so many different versions of economics and understanding all the minutiae that comas with it.

Depending what happens between now and whenever Canada has the election--things could be interesting. And the instability will only grow and cause more trouble until then

 

[Golden_Jet]

I am trying not to bring politics into this because many people who see this thread wont behave. Being in Europe gives me the ability to look from the outside in. What is hurting the looney is how unpopular JT is, Canada has to have an election by October 25th and the guy who will be in the big chair in the US in Feb does not like him and many foreign investors believe he will us Canada a chew toy until JT is gone and even then he may still be pushing tariff's on Canadian exports to the US. that is causing massive problems.

Lol, tariffs will also hurt US citizens, when they start paying more for goods from Canada and other countries.

 

[End on a Hinote]

Yeah, the dollar fluctuating is a sign that Canada doesn't support its teams

No, but it says we are constantly financially screwed despite supporting our teams.

Seeing the frequent financial and ownership concerns our NHL teams have outside of TOR, MTL & VAN, as well as other pro teams (MLS's Vancouver Whitecaps), it's time we should end our delusion that we can support pro teams as well as most markets can in the US.

7 cities in Canada, is like 70 cities in the US by capita.

Finally, someone other than me is saying it. As much as I'd love to see the NHL back in Québec City, we as a country where nearly half of the population lives in an NHL market, I'm actually quite content with 7 teams.

 

[GrumpyKoala]

Let's say the league splits, I wonder which one lose a team to bankruptcy first.

Yeah you will argue that the best player will choose to depart for the us team offering better salary and you would be correct. In fact the Americans side would likely up the cap to looks like the big fish and attract the best players.

Meanwhile the Canadians league would freeze the cap, might even lower it. They add Quebec city or Toronto 2 to be 8 team, then expand to 10-12 in a couple of years. Potentially including team close to the border. Ahl candidate like Chicago wolves a team in Michigan, Portland or Hartford

At the end of the day Canadians team still filled theirs barns because it's the best pro sport to watch in Canada.

Even in the worst case scenario, Canadian hockey would be fine.

 

[Takuto Maruki]

Seeing the frequent financial and ownership concerns our NHL teams have outside of TOR, MTL & VAN, as well as other pro teams (MLS's Vancouver Whitecaps), it's time we should end our delusion that we can support pro teams as well as most markets can in the US.

It's really funny to present this doom and gloom argument when what many considered the weakest markets in Canada (OTT, WPG) are now, for the most part, relatively safe either because of new ownership, or because current ownership is so loaded with cash that it'll take something much worse for him to consider selling. It's also really funny to effectively ignore that Canadian markets are effected by the same fan foibles as others in the US...or are you forgetting the entirety of the late 2010's for the Canucks, where people were demanding Aquillini sell the team, and how those calls look moronic now after last year especially, or now this year?

 

[Jumptheshark]

Due to outside influences, the looney will take a beating till after the next election. Some people are suggesting March others are saying May.