The Loonie Falling To 59 Cents By The End Of The Year

[darkbeaver]

The Top Forecaster Of The Canadian Dollar Sees The Loonie Falling To 59 Cents By The End Of The Year


Our loonie is heading for a record low with the central bank poised to cut interest rates again as commodity prices collapse to the lowest since 1991, manufacturing stalls and consumers remain buried in debt, according to the currency’s top forecaster.
The currency will fall to a record low 59 U.S. cents by the end of 2016, Macquarie Group Ltd.’s David Doyle, Bloomberg’s top-ranked forecaster for the Canadian dollar last year, said.
A 59 U.S. cent loonie would mean one U.S. dollar buys C$1.6949. Doyle said that once the currency reaches its record low, it will stay depressed through the end of 2018.

Read more: whatreallyhappened.com WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn!
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[B00Mer]

The dippers are losing their homes in Alberta, and the Liberals and building up debt.. not a smart bunch.

 

[damngrumpy]

If that should happen it will mean higher prices for imports and that may be great.
The reason I say that is it will develop new approaches to have manufacturing done
in this country and improve our exports. A lot of those disloyal companies that
went off to America and elsewhere will soon be coming home like snowbirds.
Watch and see oh its time to give us tax breaks to return to help the economy.
All Canadian companies that stayed here and worked through the other problem
should be given preference for tax breaks and investment money

 

[B00Mer]

If that should happen it will mean higher prices for imports and that may be great.
The reason I say that is it will develop new approaches to have manufacturing done
in this country and improve our exports. A lot of those disloyal companies that
went off to America and elsewhere will soon be coming home like snowbirds.
Watch and see oh its time to give us tax breaks to return to help the economy.
All Canadian companies that stayed here and worked through the other problem
should be given preference for tax breaks and investment money

Yeah, we can be the Mexico of the north with our Canadian Peso.. woOt!

Problem is we have union wages..

 

[darkbeaver]

Yeah, we can be the Mexico of the north with our Canadian Peso.. woOt!

Problem is we have union wages..

Thoses wages are economically important, what TF do you think supported vibrant economies of the recent past. Business cannot extract/earn unless there exists wages for consumers to consume with. If you think our money is funny wait till you hear what the USD is really worth.

 

[B00Mer]

Thoses wages are economically important, what TF do you think supported vibrant economies of the recent past. Business cannot extract/earn unless there exists wages for consumers to consume with. If you think our money is funny wait till you hear what the USD is really worth.

What manufacturing companies are going to return when you have labor in Mexico and China at 5% of the labor costs in Canada..

 

[Walter]

Justine will save the day.

 

[darkbeaver]

What manufacturing companies are going to return when you have labor in Mexico and China at 5% of the labor costs in Canada..

Tarriffs.

 

[Liberalman]

If that should happen it will mean higher prices for imports and that may be great.
The reason I say that is it will develop new approaches to have manufacturing done
in this country and improve our exports. A lot of those disloyal companies that
went off to America and elsewhere will soon be coming home like snowbirds.
Watch and see oh its time to give us tax breaks to return to help the economy.
All Canadian companies that stayed here and worked through the other problem
should be given preference for tax breaks and investment money

Agreed

Problem is we have union wages..

Those companies use cheap child labour in other countries but the savings get to shareholders not the consumer. Look at Joe Fr***

 

[taxslave]

The movie business is returning to BC thanks to the northern peso. So think this is a good thing as opposed to real industry because somehow it is "clean".

 

[B00Mer]

The movie business is returning to BC thanks to the northern peso. So think this is a good thing as opposed to real industry because somehow it is "clean".

Oh goodie, more road closures and blockades.. :lol: