Canada's slumping dollar: Winners and losers in Montreal

As the Canadian dollar continues to struggle, Montreal businesses are adjusting their plans.

For some businesses the low currency is a boon, for others it hurts the bottom line

Last month, the Canadian dollar dropped as low as 68.74 cents against the US dollar. (Paul Chiasson/Canadian Press)

As the Canadian dollar continues to struggle, Montreal businesses are having to adjust their plans.

For some, the low currency is a boon, but for others it hurts the bottom line.

To offer a look at two sides of the coin, here is a tale of two Montreal businesses.


Business owner Mark Levitt is expecting 2016 will be a banner year.

"I'm looking forward to 2016. With U.S. exports, I think we can maintain at least a 15 per cent growth," said Levitt, president of Metalware Corp.

His business manufactures shelving and does well when the loonie's low.

He buys most of his materials in Canada, and the low dollar means sales to the United States are on the rise.

"It's astronomical for us. It's a great opportunity for us to move forward and develop a relationship status on a long term basis," Levitt said, adding that after 62 years in the business, 2016 could be one of his best years on record.


But good news for Levitt is bad news for others such as Simon Bertrand, the president of the tea manufacturing company Rise Kombucha.

"It's affecting our profit margin," Bertrand said. 

"We have to be more efficient, which is good, but it's more challenging for sure. We've seen prices increase by 20 per cent on some ingredients and on our packaging, which is huge. So we have to re-evaluate how we do business."

Canada's low dollar means that American customers are getting a deal. Bertrand said he may have to raise prices just to cover his higher costs.


To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.