Executive Briefings

U.S.-Canadian Dollar Parity May Keep Some Canadian Techies at Home

The Canadian dollar is now roughly equal to, or even worth more than, its U.S. counterpart. And the strengthening of Canada's currency is delivering benefits to IT managers such as Janet Topic, CIO at Trimac Transportation Services Inc. in Calgary, Alberta.
"So much of what we purchase in terms of software is in U.S. dollars, so those kinds of purchases are cheaper for us," Topic says. "It's kind of a bonus at the end of the day."
Aside from reducing hardware, software and IT services bills from U.S.-based vendors, the currency parity may also discourage some Canadians from seeking job opportunities in the U.S., improving the worker recruitment and retention prospects of companies in Canada.
Source: Computerworld, http://computerworld.com

The Canadian dollar is now roughly equal to, or even worth more than, its U.S. counterpart. And the strengthening of Canada's currency is delivering benefits to IT managers such as Janet Topic, CIO at Trimac Transportation Services Inc. in Calgary, Alberta.
"So much of what we purchase in terms of software is in U.S. dollars, so those kinds of purchases are cheaper for us," Topic says. "It's kind of a bonus at the end of the day."
Aside from reducing hardware, software and IT services bills from U.S.-based vendors, the currency parity may also discourage some Canadians from seeking job opportunities in the U.S., improving the worker recruitment and retention prospects of companies in Canada.
Source: Computerworld, http://computerworld.com