The manager is right, however the war and the US economy are inextricably intertwined.
Dude is spot on as he is in a business where the economy's well being affects their sales.
What Dude could have mentioned is the problem right now for Canadian publicly traded companies that report in US dollars. There top lines (sales/revenues) can be looking good but the bottom lines (profit/return on equity) are falling as the US dollar weakens and ours strengthens. And to make this a bit tougher for the future, there is more talk now of our dollar hitting 80 cents US in 2004.
Dude is spot on as he is in a business where the economy's well being affects their sales.
What Dude could have mentioned is the problem right now for Canadian publicly traded companies that report in US dollars. There top lines (sales/revenues) can be looking good but the bottom lines (profit/return on equity) are falling as the US dollar weakens and ours strengthens. And to make this a bit tougher for the future, there is more talk now of our dollar hitting 80 cents US in 2004.