High Canadian dollar already taking its toll

| | TrackBacks (0)

I have a Windows Mobile phone (an iPaq, to be exact) that is hooked up to Push Email. Basically it works like a Blackberry, with any email I receive sent directly to my phone. As I use Gmail, which doesn't offer a Push Email service, I need to re-route my email through a third-party provider. There are a couple of good ones out there, but I currently use Mail2Web.

The fee for opening an exchange email account is quite low. But that's about to change, all thanks to the Canadian dollar. This is part of an email I received earlier today, which announced the prices are going up:

We charge our customers in US Dollars, though we incur our expenses in mostly Canadian Dollars due to the fact that we are based in Toronto, Canada. The drastic impact of the falling value of the US Dollar against Canadian Dollar is clearly visible within the below chart. As you will see, during the last 5 years, US Dollar lost more than 50% of its value and this has direct impact on our bottom line.

Click here to view the chart -> http://softcom.biz/blogphotos/dollar.jpg

I've gotten in many debates with friends about the surge in the Canadian dollar (or more accurately, the fact the greenback is tanking). I think it's a good thing, as a low dollar results in false productivity. Unlike our southern cousins, Canada just posted a $14 billion surplus and now has a strong dollar. With our natural resources, oil, and minerals, it's understandable why Prime Minister Stephen Harper is so robust on Canada's potential.

That's all fine and good, but it's hitting me where it hurts. I'm now going to pay 150% more for my push email service.

Categories

,

0 TrackBacks

Listed below are links to blogs that reference this entry: High Canadian dollar already taking its toll.

TrackBack URL for this entry: http://www.zhongnanhaiblog.com/cgi-bin/mt/mt-t.cgi/98

About this Entry

This page contains a single entry by Cam published on September 28, 2007 10:06 AM.

Japan politics in China was the previous entry in this blog.

The joys of introducing China to newbies... and other holiday plans is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 4.0