Billionaire entrepreneur Jimmy Pattison is a perpetually sunny guy whose affable demeanour serves as cover for a hard-nosed, competitive nature. He likes nothing better than to see his managers squirm under the pressure of a fierce business challenge.
So there is a part of Mr. Pattison, the Vancouver collector of companies, that relishes seeing the Canadian dollar at par — despite the anguish felt in parts of his sprawling empire.
"A weak currency backs up your sins," says the chairman of Jim Pattison Group, which among its host of businesses owns manufacturing plants, supermarkets and forest operations. "With a stronger dollar, you have to be more creative."
Hopefully Canada will figure out how to be creative!
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