ha ha ha ha, nice
The reason why the loonie is set to fall along with the stock market is because of our over-dependence on oil. Under Harper, Canada was to become a world energy superpower. Now that the price of oil per barrel is in a free fall, so is the stock market and the loonie. The NDP’s Tom Mulcair summed up the situation almost 3 years ago:
“NDP Leader Tom Mulcair claims that “Dutch disease” has hit the country, blaming energy exports from the Alberta oilsands for artificially raising the Canadian dollar.”
We have some smart politicians, too bad more of us don’t vote for them! Instead we get a mail-room clerk / mediocre economist for prime minister. I though Canadians were smarter than this.
People 1st….you finally paid your internet bill !
One thing about prices (especially with commodities).. They will usually go lower than you think they will and sometimes higher than expected. Unless your hedged..
Harper put all his eggs in the Tar Sands basket, and now there is talk about oil going as low as $20 a barrel. Alberta is one of three provinces where it is predicted recession will occur.
Just add www in front of the following link. Then cut and paste it.
I have heard $20 a barrel. That will devastate the Alberta oil industry. Alberta is the highest cost in the world and they will be the first to go.
Problem is Harper and his globalist like minds have exported Canada’s manufacturing industry for shareholder profits at the expense of Canadian economic sovereign sustainability. Canada is run by and for monopoly capitalist banksters, and not for a middle class or the notion of free enterprise economics.
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