The NHL could be facing a problem shortly that may hinder the ability of many general managers to get deals done with key players. The problem is not stemming from a lack of salary cap space necessarily and not from a lack of the GM’s willingness to re-sign the players, but a particular financial issue is presenting itself.
The issue? The value of the Canadian dollar has diminished.
Anaheim Ducks
Last summer, the Canadian dollar was trading at around 95 cents in comparison to the U.S. dollar. The Hockey News’ senior writer Ken Campbell points out in his recent article that as of this week the Canadian dollar is trading at around 75 cents compared to the U.