The US dollar to Canadian Dollar relationship has fallen from 1.54 to 1.37 within the last year. Half of that move has been within the last month. To put that into easily understood terms for PTSX ... it's now 11% more expensive to film in Canada than it was just one year ago.
Haig - do the right thing man. Drop your misguided plans to acquire Canadian operations. The Canadian Dollar is going to strengthen even more, killing the Canadian filming business. Pay the breakup fee and move on. You're making good progress with what you have. Just keep your nose to the grindstone and look around for opportunity a year from now when things settle.
cpa, you can also look at it another way: the rising value of the Canadian dollar increases the U.S. dollar value of the Canadian acquisition. Don't forget, that company is profitable currently, according to Haig in answer to a question at the CC.
I don't have the industry insight to have an opinion on this proposed Canadian acquisition. Haig has a lot more to lose than we do. I am not enthousiastic about it, but shouldn't we give him the benefit of the doubt?