date:Aug 08, 2014
change rate environment that had average spots rates for major currencies such as the US dollar and Euro at higher levels in 2014 than the second quarter of 2013.
Earnings for the second quarter of 2014 were C$18.9 million and included non-cash foreign exchange gains of C$20.7 million as the Canadian dollar strengthened against the US dollar and the Euro resulting in large non-cash gains on the translation of both Clearwater's $200 million US dollar denominated debt and its' foreign exchange he