Thursday, November 20, 2008

The falling dollar night at CH

By Luc Bellemare - The Canadian, Pierre Boivin, returned to the departure of the Montreal Grand Prix. We know that the Group Gillett has been approached to take the reins of the event. Pierre Boivin does not return to Formula 1 in Montreal. "There are many people who feel that the current economic model of F1 will hit a wall and must adjust its costs. Montreal will always be a city coveted but that costs are affordable, "said Boivin. Another case, that the withdrawal of Patrick Roy jersey which occurs the same weekend of Gray Cup involving the Alouettes. Pierre Boivin has tried to defuse the tension in this case. "It was fortunate to have two big events in one weekend. Most other cities in North America would be happy not to receive only one, but two events. I rather see it in a positive way, "said Boivin. In this period of economic uncertainty, Canada is not immune. Faith Pierre Boivin, should not the Canadian dollar continues to plunge. "If we add the $ 55 million of payroll to $ 18 million of contributions in revenue sharing, which did not exist in the old system, we get $ 73 million in spending contrary to $ 47 million (payroll before lockout). After the conversion of one U.S. dollar in 80 Canadian cents, it is the same point that was before the lockout, "concluded the President of the Canadian. The next day Pierre Boivin will be mainly devoted to the ceremony where you remove the sweater of Patrick Roy in the hills of the Bell Center Saturday evening.

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