Issue:
Mike_Coggins_Issue : Can you describe an important issue that you had to resolve?
One of the problems that we had when we first started to export had to do with buying vehicles in the United States. What the problem was that when we bought a vehicle, we were using Canadian dollars to buy this vehicle in the U.S.
We were shipping it in the U.S. I did not really understand if I could do any hedging on it. We bought the vehicles and sold it within a week. The issue that I had was that the currency dropped by five percent and we took a hit of ten thousand dollars on this vehicle.
Attachment:- Case -Atlantic Auto Exporters.rar