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CKA Uber
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PostPosted: Tue Jan 12, 2016 10:39 am
 


Title: Canadian dollar dips below 70 cents U.S. for first time since April 2003 | Financial Post
Category: Economics
Posted By: shockedcanadian
Date: 2016-01-12 09:30:59
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PostPosted: Tue Jan 12, 2016 10:39 am
 


Not a surprise at all, if oil increases we will regain some of this value obviously, but I don't see the dollar being over .80 for some time.

As I have stated for a long time "good luck", We threw away innovation, civil liberty (without accountability) and creative capitalism a long time ago.


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PostPosted: Tue Jan 12, 2016 10:41 am
 


This sucks for traveling. :twisted:


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PostPosted: Tue Jan 12, 2016 10:45 am
 


2Cdo 2Cdo:
This sucks for traveling. :twisted:


Depend on who's doing the travel. 8)


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PostPosted: Tue Jan 12, 2016 10:46 am
 


It's great for tourism, the travel and tourism industries should really be ramping up their marketing campaigns right now. Also, the manufacturing industries needs to use this opportunity to get their shit together.


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PostPosted: Tue Jan 12, 2016 10:51 am
 


It's great for tourism in theory, that is if Canada becomes a tourist mecca.

A low dollar is supposed to support increased manufacturing and foreign investment, as has been stated by some far more informed than I, this hasn't been happening in the last 20 years.

With the upcoming rejection of the TPP by Hillary Clinton, Canada's economy will become further isolated and dependent on borrowing. We all know where this will lead, as can be seen in Ontario.


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PostPosted: Tue Jan 12, 2016 10:57 am
 


BartSimpson BartSimpson:
2Cdo 2Cdo:
This sucks for traveling. :twisted:


Depend on who's doing the travel. 8)


Great for you guys heading north. :wink:
Sucks for me heading south in March. :cry:


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PostPosted: Tue Jan 12, 2016 11:02 am
 


shockedcanadian shockedcanadian:

A low dollar is supposed to support increased manufacturing and foreign investment, as has been stated by some far more informed than I, this hasn't been happening in the last 20 years.



Ontario has dropped from 140,000 manufacturing companies down to 50,000.
And with the price of electricity in Ontario, plus the Wynnbag stealing an extra $37 billion
here and there, they aren't coming back.



$1:
With the upcoming rejection of the TPP by Hillary Clinton, Canada's economy will become further isolated and dependent on borrowing. We all know where this will lead, as can be seen in Ontario.



Do you have a source for this ?

Interesting, but doubtful.


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PostPosted: Tue Jan 12, 2016 11:08 am
 


Delwin Delwin:
Also, the manufacturing industries needs to use this opportunity to get their shit together.


In the land of unintended consequences the liberals that hated Demon Harper's Evil Crypto-Yankee Petro-State so much are finding out the hard way that the Ontario industries that supplied pipe, plate, and items like pumps, engines, drilling rig parts, etc. are getting their asses handed to them thanks to the oil collapse. Industry devastation in Alberta turns out to equal unemployment in Ontario. Add in the McGuinty/Wynne fantasy land where the ones in charge think that they can have massive tax hikes across the board and jack up utility rates by 500% over the last decade and employers will somehow be eager to set up shop in Central Canada to manufacture things? Yeah, they're really going to relocate from Texas or Michigan to set up businesses in a place that costs five times as much to build things and have their remaining profit knocked down to a tenth of what they can make elsewhere. You guys voted for this ridiculous delusion so suck it up, buttercups. :evil:


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PostPosted: Tue Jan 12, 2016 11:25 am
 


Yes Thanos you are correct. Ontario has become an excessively unattractive place in which to do business, while absurdly and borderline criminal, the taxpayer has been subsidizing a bloated and unfairly (when compared to private sector employees for same work) overpaid public works program, from OPG to the OPP.

I could go into some more diabolical reasons why countries don't invest in Canada, but let's just say Toronto Mayor John Tory went to IBM and some other technology companies and asked them to invest more jobs in Toronto and was told "no thanks". Wynne is now appararently going to take her globe trotting pleading of investment into Ontario on "the road". Good luck getting anything done outside of China.

Now there are rumblings of a free trade agreement with China? We really want to win the race to the bottom.


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PostPosted: Tue Jan 12, 2016 11:30 am
 


$1:
With the upcoming rejection of the TPP by Hillary Clinton, Canada's economy will become further isolated and dependent on borrowing. We all know where this will lead, as can be seen in Ontario.



Do you have a source for this ?

Interesting, but doubtful.[/quote]

Certainly. I googled one quickly. I heard of this months ago, it is one of the major issues Obama has with Clinton. Quite frankly, I have an issue with this too as the signing of the TPP is paramount to Canada's access to such a large part of the global market (40%).


Hillary Clinton opposes TPP trade deal

http://www.cbc.ca/news/business/hillary ... -1.3261291


U.S. Democratic presidential contender Hillary Clinton has come out against the recently signed Trans-Pacific Partnership, saying there are too many "unanswered questions" about the comprehensive trade deal.

"What I know about it, as of today, I am not in favour" of TPP, Clinton said during an interview with PBS anchor Judy Woodruff set to air on Wednesday.

"I don't believe it's going to meet the high bar I have set," she said of the deal, the origins of which she helped work on as U.S. President Barack Obama's secretary of state a half-decade ago.



There are very important geo-political reasons for signing this agreement too as far as I am concerned. Some even in high places of government, fail to see this...


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PostPosted: Tue Jan 12, 2016 11:45 am
 


shockedcanadian shockedcanadian:
U.S. Democratic presidential contender Hillary Clinton has come out against the recently signed Trans-Pacific Partnership, saying there are too many "unanswered questions" about the comprehensive trade deal.

"What I know about it, as of today, I am not in favour" of TPP, Clinton said during an interview with PBS anchor Judy Woodruff set to air on Wednesday.

"I don't believe it's going to meet the high bar I have set," she said of the deal, the origins of which she helped work on as U.S. President Barack Obama's secretary of state a half-decade ago.

There are very important geo-political reasons for signing this agreement too as far as I am concerned. Some even in high places of government, fail to see this...



Smells like BS pre election posturing that will be forgotten by election day.

Meh, nothing ratified yet anyway.


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PostPosted: Tue Jan 12, 2016 12:06 pm
 


I thought we were all concerned about selling our sovereignty with TPP... and now we want it?

I know most will disagree with me, but at this point I think we'd be better off isolating ourselves. We'd force diversification of our economy supplying everything of our own that we need. Anything we produce in excess we'd sell for profit.


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PostPosted: Tue Jan 12, 2016 12:17 pm
 


Who's afraid of selling our sovereignty? This is the way the world works, it's called Globalization. The best and brightest excel and win, the laggards lose.

The Canadian way of nepotism and cronyism is gone, and so much the better for it. The faster the better. If we can't evolve as a nation hopefully those citizens with the talent and desire to compete will find greener pastures elsewhere. As it should be.


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PostPosted: Tue Jan 12, 2016 12:18 pm
 


Canadian_Mind Canadian_Mind:
I thought we were all concerned about selling our sovereignty with TPP... and now we want it?

I know most will disagree with me, but at this point I think we'd be better off isolating ourselves. We'd force diversification of our economy supplying everything of our own that we need. Anything we produce in excess we'd sell for profit.


I agree in theory but the odds are impossible. Ontario and Quebec are in such a debt mess that there's no way their old industrial base will ever return. Worse is that when they finally reach a default level they'll wreck the entire national economy and possibly even trigger a world currency crisis they same way Greece did last year.

I'd support the switch from crude oil exports to an entirely in-Canada processing of everything from gasoline to plastics. The problem with that idea is the companies won't support it because they want the continental refining to be done exclusively in the US. They will not support, period, the building of any more refineries north of the 49th. To get it done would require full nationalization of the industry, and the odds of that happening are zilch. It wouldn't survive a NAFTA challenge from the US and it would chase out practically all investors, effectively destroying the industry altogether.

The time for effective anti-globalization probably came and passed about thirty years ago. It's essentially to late to ever do anything about it now.


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