NHL (See Canadian Teams) VERY much concerned about US Recession and Value of Canadian Dollar

[Moog]

Rick Westhead (@rwesthead)

With the stock market in free fall, President Trump is promising more new tariffs on Canada, calling again for Canada to join the U.S. as its 51st state, and is threatening to "permanently shut down" the Canadian auto sector. (Ontario's auto sector employs more than 140K workers and is the...

xcancel.com

Per Westhead:

An NHL team executive told me today concerns are mounting that North America is heading towards a recession and that the Canadian dollar will plunge to $0.60 cents or less. (The dollar’s record low was $0.618 in 2002.)The seven Canadian NHL teams and three Canadian MLS teams pay player salaries in U.S. dollars and generate most of their revenue in Canadian dollars.

So about those cap increases.............................


Canadian NHL teams produce +/- 25% of league revenue.
Oh Boy!!!!!

Gonna be rough, kids!