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Point.360 Message Board

  • cpa38 cpa38 May 22, 2003 8:31 PM Flag

    Why you should say no

    Read these headlines from this evening's NYT:

    Chrysler Cancels Plans for $1.5 Billion Factory in Ontario
    In a statement, Chrysler's C.E.O., Dieter Zetsche, said the company decided against building the plant for economic and competitive reasons.

    Business is leaving Canada for one reason only - ForEX. The Canada Dollar is on the upswing. It is in the first year of a five to seven year move up. As Canada's commodity businesses grow strong through increasing exports to China, other types of businesses will be shutting down .... including filming operations that moved there because the Canadian dollar was once weak. That cycle has passed you by and won't be back for another 5 to 7 years. If you buy Canada now, you buy bankruptcy for PTSX at some point in the near future.

    Pay the breakup fee and walk away.

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