Dollar’s fall threatens Canadian teams: Boivin

Canadiens president Pierre Boivin fears that the sagging loonie could send Canadian NHL teams spiralling back into the dark economic days that preceded the lockout.

Boivin said today that the league’s six Canadian clubs are thriving at the gate and bring in more than a third of the total revenue for the 30-team NHL. But he identified the tumbling dollar and the league’s revenue-sharing deal as threats to the continued viability of Canadian clubs.

"We better not return to a 78-cent Canadian dollar because we’ll be in the same position we were before the work stoppage," Boivin told reporters after giving a speech to Montreal’s board of trade. – Canadian Press

Leave a Comment

You must be logged in to post a comment.