The Loonie Is Driv­ing NHL Play­ers Crazy

The pro­nounced weak­ness of the Cana­dian dol­lar re­sults in less pay “There is def­i­nitely pain be­ing felt and more pain to be felt”

Bloomberg Businessweek (Europe) - - GLOBAL ECONOMICS -

The NHL has a loonie prob­lem. The Cana­dian dol­lar fell to 68¢ last month against the U.S. dol­lar, a 13-year low, and an­a­lysts think it could drop an ad­di­tional 13 per­cent in 2016. The weak­ened state of the cur­rency may cost the NHL hun­dreds of mil­lions of dol­lars in lost rev­enue.

The NHL does all its busi­ness in U.S. dol­lars, and all play­ers are paid in green­backs. The league also

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