The Canadian dollar’s recent drop is creating some winners and some losers. Canada’s forestry sector will be one of the biggest winners, according to bond-rating firm Moody’s Investors Service.
The 7.9% decline in the Canadian dollar versus the U.S. dollar in the past year is a windfall for forest-products companies because most of their products are priced in U.S. dollars, Moody’s said. When the Canadian dollar drops, the makers of those products generate more revenue in Canadian-dollar terms...Read more.
