Suprised it took this long!
Now watch what happens,increases like we have never seen are coming by Christmas.
To the moon Alice!

The prices have been going up considerably in the USA. The only reason they would have stayed low here is because the loonie was going up agains the US$. Oil is priced in US$, as is gold, etc. At the moment the loonie is donw by 2cents from yesterday and the stocks are taking a beating once more.

Investors in canadian companies are seeing their earning diminish over the last 4 or so months if those companies are working with a US client base. The forest industry is no exception, other than that they are getting hit with a non currency based drop in the market at the same time. Have really not heard to much crying from others over the loud cries from forestry.

Alberta must be generally sitting pretty ....

BTW, if we had an August priced loonie, the price would likely be in the $1.25 to $1.30 range. A year ago it would be $1.50 or so. I think some people had been predicting those kind of prices, so the loonie rise has saved us.

Notice that there is only 2c excess profit on that. Used to be considerably higher as I recall.

The scary thing is the $64 trillion dollar derivatives market of casino gambling by the big American banks backed up by the tax payer.

All those contracts will have to be honoured, and you can bet any industry dealing with oil exchange, or the worlds largest currency exchange in the Canada/US dollar, will all have derivative contracts to hedge against valuation fluctuation. I don't think the banks and their long term 30-60-90 day plus contracts could have factored in the pace of change and thus the limits of their liabilities. A small miscalculation on a $64 trillion dollar insurance portfolio backed up by mere billions in comparison liquidity is a very dangerous gamble on the part of the bankster industry.

If the sub-prime mortgage fiasco was a disaster for the banks, then one can be sure the derivative liabilities to follow the dollar melt down will be a catastrophe....

IMO it is not to early to start thinking about how we are going to rebuild our banking system and how it relates to democracy and our quality of life, because the early stages of this coming recession are all pointing towards a collapse of the ponzi scheme monetary policy of the bankster world....

Time Will Tell

No long weekend coming up as an excuse this time?

Yup once again the high dollar doesnt mean shit to the average canadian. Looks pretty bleak for forestry familys. Lay offs then high gas prices. If its a free country why does it cost so much to live?

HAHA its also ironic that the Lotto 649 add is on the Esso sign above the $107.9/L Its there to tease you into thinking you have a chance at beating the money game..

Its 94,9 in chilliwack

no long weekend? ... yes, Nov 11th is an offcial holiday in BC (unlike some other parts of Canada) and will extend the weekend to include Monday.

Big storm in the North Sea...up she goes!!

Oil 96.28 per barrel @ 11:30 am.
Could see $100+ per barrel by Wednesday of next week.
Fill those 5 gallon cans!