TORONTO — Executives at Maple Leaf Foods are optimistic about the benefits a weaker Canadian dollar could have on its meats business.
Chief operating officer Guy McSimmons told analysts on a conference call Friday that a weaker loonie is a "good thing over time" for the Toronto-based company because of currency exchange rates.
Maple Leaf Foods supplies private label and prepared meat products to some U.S. customers and benefits when it converts the U.S. currency back into Canadian dollars.
To read the rest of the story, please go to: Waterloo Region Record
