This Is Not Goodbye
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As people who have been coming around these parts know my posts have been
far and few between over the past few years, our lives have been growing
busi...
7 years ago
Girl meets (Edmonton Oilers fan) Boy. Girl goes to first hockey game. Six years later, Girl and Boy are married and living in TX, panicking without an NHL Center Ice subscription. Girl attempts through blog to chronicle how she became a deranged hockey fan. Hilarity ensues, perhaps?
Canadian teams have learned to protect themselves by hedging their bets on swings in foreign exchange rates. This often involves buying contracts to purchase United States dollars at different levels, up to several years in advance. This helps insulate the teams from big changes in the exchange rate. But it also means that the current rise of the Canadian dollar may not translate into a gain for teams, or as large a loss when the Canadian dollar slips.
The effect of the fluctuating dollar also hits N.H.L. players. Ottawa Senators forwards Mike Fisher and Daniel Alfredsson were with the team early this decade when the Canadian dollar was weak and team finances were shaky. “Quite a few of us even bought season tickets to help out,” Alfredsson, the team’s captain, said. Fisher said that once the paychecks arrived late.
“We were on thin ice for a few years,” Alfredsson said.