Canada’s wineries feel heat of hot loonie
Canada’s wineries feel heat of hot loonie
Jul 6, 2011 6
The high-flying dollar is eroding the competitiveness of Canada’s fledgling wine industry by driving up the cost of exports, while making it cheaper for consumers to purchase imports from countries like Argentina and Australia.
That is hastening the need for Canadian vintners to grow domestic market share and cultivate demand for niche products like ice wine in high-growth Asian countries such as China
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