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THE ECONOMY AND THE CANADIAN DOLLAR

GROUND RULESQuestions

• Attendees are in listen-only mode• This webinar is being recorded for future on-demand playback• Your participation represents acknowledgement that we are recording• Tweet questions & comments to: #WelchExpert

Windows Mac Tablet

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William Chin, MBAPortfolio Manager & Chief Technical AnalystCaldwell Investment Managementwchin@caldwellinvestment.com

Micheal Burch, CPA, CA, CFPManaging Partner Welch LLPmburch@welchllp.com@WelchLLP

PRESENTERS

Peter Cleveland, BBA, CFE, CIRP, FCACEOCleveland Leadership Grouppeter@clgroup.cawww.clevelandleadershipgroup.com

Pierre Cleroux, MBAChief EconomistBusiness Development Bank of Canadapierre.cleroux@bdc.ca

WHAT WE’LL COVER

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• Where are we and how did we get here?• How long will it last?• How do we compare to other currencies?• Things to consider• Winners and losers• US buyers• Alleviating the pain of the impact• Planning opportunities

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HOW DID WE GET HERE?

- Where are we?- What caused the rapid decline?

• Federal reserve raising rates

• Lower commodity prices

• Slowing Canadian economy

• Gradual decline• Increased importing

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THE ROAD AHEAD

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HOW DO WE MEASURE UP?

• The developed world• Emerging currencies

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THINGS TO CONSIDER

• Price elasticity of demand• Products without competitors

• Automotive industry• Food industry

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LOSERS

• Tourism industry- Americans vs. Canadians- Accommodations

- Canadian airports• Technology industry• Film industry

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WINNERS

• Two sides to the story• Cross-border companies• Cash flow• Fluctuation

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US BUYERS

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ALLEVIATING THE PAIN

• Managing foreign currencies

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PLANNING OPPORTUNITIES• Hedging programs• New relationships• Sell in USD • Vendors

₋ Switch₋ Change currency

• Independent experts• Evaluate income statement• “What if’s”

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William Chin, MBAPortfolio Manager & Chief Technical AnalystCaldwell Investment Managementwchin@caldwellinvestment.com

Micheal Burch, CPA, CA, CFPManaging Partner Welch LLPmburch@welchllp.com@WelchLLP

Q&A

Peter Cleveland, BBA, CFE, CIRP, FCACEOCleveland Leadership Grouppeter@clgroup.cawww.clevelandleadershipgroup.com

Pierre Cleroux, MBAChief EconomistBusiness Development Bank of Canadapierre.cleroux@bdc.ca