Scott:

Thank you very much!! So, as the US$ weakens/ CDN$ strengthens, Connacher should benefit as 90% of their borrowings are US$ denominated. My guess, this will be reflected in the price of Oil. For the US, such will be painful and will likely cut back on marginal oil consumption in the US. At least discretionary consumption. It will likely also result in a shift in US housing as US consumers shift to a less intensive driving environment with respect to their residence location and its proximity to their employment. However, oil in terms of the Remimbi and other developing nations, whose currency will strengthen, in relation to the US$will rise less relatively. This will result in a tectonic shift in the worldwide distribution of oil demographics as US consumers become relatively pressured. Points again to the advisability of Connacher diversifying their marketing base in terms of customers going forward!

Brian