Bouncing Canadian Dollar Killing Concert Biz
"For years, the Canadian dollar trailed behind the U.S. dollar, but U.S.-based booking agents and acts traditionally seek the same advance and payment guarantees in Canadian cities as they get in American cities. The problem for Canadian concert promoters is that while they collect gate receipts in Canadian money, they pay out fees for acts in U.S. funds." The Globe & Mail (Canada) 01/07/09

Posted January 7, 2009 06:37 AM