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Canadian dollar could fall to 75 cents on weak oil prices, experts say
- Thread starter Black Republican
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firehawk12
Subete no aware
But that's because of taxes and not a failing economy.
AlphaTwo00
Member
people have been saying this for years, and it still hasn't happened. In fact, a recent TD report just pointed out that 2 of the 10 province will still experience a price increase despite the current drop: Ontario and BC (entirely because of the GTA and Vancouver).
The drop in exchange and drop in interest rate will only increase forigen buying power, increase investors to buy out the market and push the cost more upwards.
We were very fortunate that the current asshat in charge didn't get his way with how he wanted banks regulated and we had a liberal government. Harper has damaged Canada severely since his rise to power and sabotaged our sciences and electoral agencies to make it harder for any other party to win in the future. The guy and those along his line of thinking are the definition of fascists and spit in the face of democracy.
firehawk12
Subete no aware
It certainly looks like there's still a rush to build overpriced condos in Toronto anyway.
I just become a permanent canadian resident in March
hopefully things don't go completely to shit
Nice! same as me then, were are you migrating from? or are you in Canada already?
But that's because of taxes and not a failing economy.
Have you looked at the australian dollar? It's following the exact same curve as the CAD.
Again, the canadian dollar going down is not exactly a sign that the canadian economy is going down the shitter (it's neither shit nor thriving), it has more to do with the USD being sky high right now. The Euro, swedish krona, australian dollar, new-zealand dollar, british pound, brazilian real, etc. are all at/near multi-year low vs. the USD.
crazy monkey
Banned
liberal suck, conservative suck , ndp does not know anything. i will vote ndp or green. fuck it.
firehawk12
Subete no aware
I haven't checked in ages, admittedly. I just remember it being higher than the CAD a year ago (it was when I was talking to an Australian about importing stuff from Japan, actually).
AlphaTwo00
Member
while that may be the case, but the recent weeks of target, bombardier and Tim Horton cuts doesn't inspire confidence.
gutter_trash
Banned
Bombardier has always been living off corperate wealthfare for decades.
The Federal goverment and the Quebec government keeps Bombardier alive.
As for Tim Hortons, the job losses announced were only administrative due to Burger King buyout
and Target, Target failed because Target failed. Nothing to do with the Canadian economy.
Their shelves were empty, they offered no competitive deals versus Walmart prices; Target failed tosses all the data from Club Z members buying habit into the trash.
BocoDragon
or, How I Learned to Stop Worrying and Realize This Assgrab is Delicious
That's how it was when I was growing up anyway
Just don't vote for OPEC.
CitizenVectron
Member
Canada is quite reliant on resource exports compared to the US (which has a much more diversified economy). Now Canada is no Russia (which is almost entirely-reliant on resources), but oil price drops hurt us quite a bit. The economic engine in the country has shifted west in the last decade, and now the west is hurting (well, Alberta specifically, but SK to an extent as well). Canada's dollar is heavily tied to oil prices, unfortunately.
It's fairly good news for eastern manufacturers in Ontario and Quebec, though since it means it is cheaper for American companies to buy Canadian-produced goods.
gutter_trash
Banned
so you are basically voting for Harper to win his 4th term
Heh, then congrats on your PR! I'm right now in Venezuela but I've been working towards getting it for the last 3-4 years now, so now that its almost here (and me almost there), to say I'm excited would be an understatement.
What are we supposed to do? I don't want to vote for Harper and seeing how the Liberal party is already fucking shit up in Quebec, I don't want a Liberal party to do the same to the whole country.
best of luck with the big move!
If you have any questions feel free to shoot me a pm and I'll do my best to answer!
I live in Kitchener (moved here from Boston). Every time I go to Toronto, I'm the ONLY one jaywalking. I'm just speaking from what I've experienced anyways.
BlackBerry?
They haven't been the same party since 1955.
Perspicacity
Banned
This is such an asinine view of democracy
17k jobs lost has everything to do with the Canadian economy.
We're already borderline on a recession. The only thing propping us up is the strength of the US economy. Ours is pretty much down the shitter right now.
gutter_trash
Banned
Please do explain how the Liberals have been fucking shit up in Quebec?
Are you mixing Federal politics with Provincial politics? if you are talking Federally, what is your grievance with the 12 years of Chretien-Martin (who had 6 consecutive surpluses and cleaned up after Mulroney's mess)
if you are talking about provincial, then you are talking about Apples and Oranges, because Quebec's problem is their bloated public sector were blame lays to both the PQ and the PLQ.
I have lived here all my life, the one (Federally) who has done the largest amount of damage in my life time was the Brian Mulroney PC (recession, insane high interest rates, high unemployment, etc).
Jean Chretien did an excellent job cleaning up that mess of shit left over by the PC.
Yoda
Member
There really isn't anyway around the dollar weakening so blaming a politician just won't work. The CDN is dependent heavily on the petrol economy (which has been doing quite well for over a decade) and that economy is now not as lucrative as it once was due to the whims of a cartel. The CDN will eventually go back to where it was as oil certainly isn't going to stay this low forever, but it most likely won't recover until a year or two after the price of oil goes back to where the tycoons and arab princes want it to be.
crimzonflame
Member
Lets not forget Harper and his ridiculous new prostitution law.
PumpkinSpice
Banned
Wow this is so massively out of date in just the span of three years. That's kind of impressive.
That's funny because the last recession never really ended. Oh sure the media likes to talk like it did but a ton of people lost their jobs then and never got them back since a lot of companies only stabilized off the back of doing more stuff with less workers.
So would that make it a double recession then?
Hours Left
Member
Probably not, but we can set up better safeguards to prevent it from happening again.
But that won't happen with the current government.
I for one welcome our new $80 games.
Yes I'm aware that this has far more terrible and far reaching consequences than my expensive hobby
Fuck that, when the dollar went to 90 cents against the US, they were charging us $5ish more than they needed to. Now that it's going to 75 cents, they want to charge us more again? This will backfire. Unlike Australia who are boned because of their ocean borders, most people in Vancouver, Toronto can drive over the border. Plus, I'd literally stop buying games on launch if that's what they want to do, or increase my purchases on Craigslist or even used games.
firehawk12
Subete no aware
I am seriously considering voting liberal this time because of Trudeau. He's the only one I can see actually mobilizing umenough of a left vote to remove the conservatives.you guys want Harper out? then don't split the vote.
if you split the vote by wasting it on the NDP then you are allowing Harper to win.
Just vote Liberal, even if you are more of an NDPer, weigh in your priorities
Looks like it'll soon be cheaper to import anime/manga from Canada to US than it would to just order from a US store... It really sucks for Canadians
But.. as selfish as it is, it's great for me.
But for Canadians, this is gonna hurt. Sorry.
But I do like great deals...
Conflicted..
But.. as selfish as it is, it's great for me.
But for Canadians, this is gonna hurt. Sorry.
But I do like great deals...
Conflicted..
Themacabre
Member
I just got back from a 6 week trip in Vancouver, and the food prices (and alcohol too, ouch!) were absolutely insane. Vancouver is lovely, when it's not grey and rainy (which was most of the time) and it's just a really cool place, but it's expensive, and my god the homeless...there are shocking amounts of homeless people there.
PumpkinSpice
Banned
It was posted a month ago but recorded back in 2012. He references the Albera 2012 election, a very high dollar, and lots of things that have totally changed. The entire situation for Alberta is so bleak at the moment and he's completely unaware that that's coming.
The thing about Alberta that gets me every single time is how our industry and government tends to take our oil booms for granted. Everything in our province is in a perpetual feedback loop of denial and nepotism.
Anyone who points out the obvious problems of our province just gets shouted down or berated. It's unreal, like some sort of counter-reality bubble most people here live in.
Anyone who points out the obvious problems of our province just gets shouted down or berated. It's unreal, like some sort of counter-reality bubble most people here live in.
Welcome to Canada. Hopefully you dont mind our winters with their -15/-30 celsius temperature
. At least our summers are around 20/30 celsius.
The Elite
BOSS
Perfect time that I just started Xenoblade Chronicles and will only get Monster Hunter 4 U in the near future. Hundred of hours to tie me over till the loonie goes up again
But I did just booked a very expensive trip to Hawaii
Yup. I think I'm set to cut the amount of games I buy a year down by quite a bit.
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