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My vege/fruit bill is probably $120 a month. The impact would be $20 max. I shop at Chinatown, very cheap indeed.
As I said oil price will recover soon for sure and CAD will be back, close to 85c I'd say.
I would not hold my breath waiting for oil to recover... There is absolutely nothing that would point to that scenario at present. In fact, there is much to suggest the opposite.
interesting article on the impact of the low dollar and hiring aspects:
Quote:
For many corporate leaders, hospital and university presidents and technology start-ups, the reality of a 70-cent dollar means only one thing: a renewed brain drain. Recruiting and retaining top talent was a lot easier when the currency hit parity with the U.S. greenback a few years ago. It now takes $1.40 Canadian to match every $1 (U.S.) that whiz kid can earn by going south.
“You thought getting talent to either stay in Canada or [trying] to attract folks in the U.S. was hard? Good luck. It just got 40 per cent more expensive,” John Ruffolo, the head of OMERS Ventures, the venture capital unit of the Ontario municipal workers pension fund, told a tech conference last week.
Couple that with Ottawa’s move to raise taxes on incomes above $200,000, pushing the top marginal tax rate to more than 53 per cent in Ontario and Quebec, and with the the Liberal election promise to tax stock-option gains as regular income, and it’s pretty much an open invitation for top talent to look south. For all Prime Minister Justin Trudeau’s branding of Canada as an “engine of invention” during his recent trip to Davos, his policies will make it harder to invent anything in Canada, except an excuse to leave.
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