The financial impact of a one-percentage point strengthening or weakening of the following currencies against the U.S. dollar for our financial instruments denominated in non-functional currencies is summarized in the following table as at December 31, 2014. The financial instruments impacted by a change in exchange rates include our exposures to the above financial assets or liabilities denominated in non-functional currencies and our foreign exchange forward contracts.
|
|
Canadian dollar |
|
Euro |
|
Malaysian
|
|
Thai
| ||||||||
|
|
Increase (decrease) | ||||||||||||||
|
1% Strengthening |
|
|
|
|
|
|
|
|
|
|
| ||||
|
Net earnings................................................................................................... |
$ |
0.5 |
|
|
$ |
(0.1) |
|
|
$ |
(0.1) |
|
|
$ |
(0.1) |
|
|
Other comprehensive income...................................................................... |
1.0 |
|
|
— |
|
|
0.8 |
|
|
1.1 |
| ||||
|
1% Weakening |
|
|
|
|
|
|
|
|
|
|
| ||||
|
Net earnings................................................................................................... |
(0.5) |
|
|
0.1 |
|
|
0.1 |
|
|
0.1 |
| ||||
|
Other comprehensive income...................................................................... |
(1.0) |
|
|
— |
|
|
(0.8) |
|
|
(1.1) |
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2014, we had forward exchange contracts to trade U.S. dollars in exchange for the following currencies:
|
Currency |
Amount of U.S. dollars |
|
Weighted average exchange rate in U.S. dollars |
|
Maximum period in months |
|
Fair value gain (loss) | ||||||
|
Canadian dollar................................................................................. |
$ |
293.3 |
|
|
$ |
0.88 |
|
|
14 |
|
$ |
(6.7) |
|
|
Thai baht........................................................................................... |
129.5 |
|
|
0.03 |
|
|
15 |
|
(1.1) |
| |||
|
Malaysian ringgit............................................................................. |
84.4 |
|
|
0.30 |
|
|
15 |
|
(5.1) |
| |||
|
Mexican peso.................................................................................... |
32.2 |
|
|
0.07 |
|
|
14 |
|
(2.2) |
| |||
|
British pound.................................................................................... |
98.3 |
|
|
1.59 |
|
|
4 |
|
1.7 |
| |||
|
Chinese renminbi.............................................................................. |
98.9 |
|
|
0.16 |
|
|
12 |
|
(0.1) |
| |||
|
Euro.................................................................................................... |
34.9 |
|
|
1.24 |
|
|
4 |
|
0.6 |
| |||
|
Romanian leu.................................................................................... |
15.8 |
|
|
0.29 |
|
|
12 |
|
(1.1) |
| |||
|
Singapore dollar............................................................................... |
25.3 |
|
|
0.79 |
|
|
12 |
|
(1.0) |
| |||
|
Other.................................................................................................. |
6.0 |
|
|
|
|
|
4 |
|
— |
| |||
|
Total................................................................................................... |
$ |
818.6 |
|
|
|
|
|
|
|
$ |
(15.0) |
| |
