bluealberta said:
So how do you explain that up to about eight months ago the dollar was about 62 cents vis a vis the american dollar. The Liberals were in power then, as I recall, and the dollar only started to come up when there was potential of a change in the government. Your habit of blaming virtually everything on the conservatives is old and tired. Make a new record, kay?
Where are you getting your facts from? The usual source of "conservative"-reform-alliance supporters, that leave them completely ignoranant of any real facts?
By the middle of the third quarter of 2003, it was up to 78 high, then the Bank of Canada cut the Bank Rate for no apparent reason (the western Canadas were having problems pawning raw commodities off) and announced likely further cuts in the fourth quarter and the dollar took a nosedive, but only down to 71 low and by the end of the fourth quarter (2003) it was back up to 77 high U.S. and got above 85 cents U.S., in the fourth quarter of 2004.
It's no secret that the Canadian dollar has taken a hit over political instability. It's no secret that the "conservative" reform-alliance party is the official opposition and wants to bring the government down.
It's no secret that the majority of Canadians don't want an election next month. it's no secret that the majority of Canadians want the modified budget to pass, it's no secret that the dollar went up when the NDP and Liberals made a deal for a budget that the majority of Canadians want passed, it's no secret that the majority of Canadians want the Gomery report before an election, it's no secret that the majority of Canadians are fed up with the political waste of time and money, it's no secret that the "conservative" reform-alliance party turned the advertising campaign in Quebec into a political marketing bonanza before the last election and still lost, it's no secret that they've kept it up ever since, and it's no secret that they have to team up with a separatist party to go against the wishes of the majority of Canadians to not only vote against a budget the majority of Canadians want passed, but that they want to crash the government and don't give a crap about anything else.
That's called political instability and markets have reacted to it.
It's no secret that the dollar is up over Stronach joining the new Progressive Conservative Party of Canada (no reason for the 'liberals' who aren't, not to take the name).
It's no secret that international currency speculators read headlines and the dollar dropped this morning over news that Carolyn Parrish (FOR not crashing the government, FOR what the majority of Canadians want, passing this budget, with its amendments, and getting to work forgeting about Gomery intil the report is tabled) had to cancel an appointment with a national morning show due to what she thought was appendecitis.
Dolllar goes UP when anything AGAINST crashing the government happens, the NDP deal, Stronach of late, the dollar goes DOWN when anything FOR crashing the government (independent but has voiced support for the budget and getting ON WITH BUSINESS as the majority of Canadians want, pass the budget, revised budget and get to WORK until Gomery reports), Carolyn Parrish, one less vote for the yea side and the Canadian dollar took a hit over that after gaining from Stronach's defection.
Which side is Harper on again, along with the
Bloc Quebecois? The side of trying to boss MP's from Newfoundland and Labrador around and Nova Scotia around, and the premier of NL, to vote NAY over a bill that the people of NL and ND, the majority of Canadians want passed?
And if both budgets pass, it'll be no secret tomorrow that financial markets (and Canadian consumers) will improve until the Gomery report is released, and that, depending upon what it states, this whole stupidity will be behind us, Harper will probably be looking for another job if anyone in the "conservative" reform-alliance party doesn't want a new Progressive Conservative Party of Canada ('liberal') majority government after that.
But did anyone say that international currency speculators are moral and give a crap about anything but turning profits? Nope. And your handle couldn't be more descriptive of your defensivness. Is The Reverend Harper your father too? Are international currency speculators insulting your daddy?
He's a politician, get over it. They're all snakes. It has to do with consumer spending and productivity. If a budget that makes a lot of economic sense is voted down by partisan idots, to crash a government and force an election that most Canadians don't want, until Gomery reports after sorting out all the conflicted testinomy, you just watch what happens to all financial markets let alone the Canadian dollar.
But these people have to predict the future with no working crystal balls. Now there's news out that Parrish will be okay (ovarian cist or kidney stone, the doctor told her she could leave) and will be able to show up for the vote. International curency speculators are starting to buy Canadian currency again and it's already going up.
Stronach was in what party? The dollar went up by almost almost a full point when the news that she'd left "that" party, trying to destroy Canada for "political gain" :?: ... and here's the news about the Canadian dollar going up again now over the Parrish news. Just as I heard that Parrish would be showing up to vote, so did the world of international money markets and then the financial news came on and whaddya know, the Canadian dollar is going up.
You can be an international currency speculator yourself if you want to do it. Just Google
"international currency speculation" and follow the ads. You'll be online and trading in no time. Invest $1,000 in Canadian currency (you don't have to, you could trade your initial investment on the spot, investing Canadian currency and trading it for another currency; but $1,000 of Canadian currency being traded for another currency, just in your initial investment, isn't going to affect the value of the Canadian dollar in those decimal points in the thousands of cents that only exist for currency speculators; not even by 1/1000 of a one cent) and go to it, supporting Harper, selling higher valued currencies (in relation to Canada's, but there are two Canadas that can't even maintain an economic union anymore, let alone a political union) and trade in higher valued currencies for Canadian curency, based on what you think is good for Canada and see how much money you lose.
If you only knew about what was going on in Canada, how would you make money? You have to trade, you have to be ahead of all the rest, buy low, sell high (unlike what Alberta does just around cattle; sells low to Ameican meat processing/packing plants, then re-imports, buying high, just arond that) or no one will be buying and you'll be stuck with whatever currency (mix, hopefully) that you've got. You can "cash out" by trading that for Canadian currency and see if get $1,000 Canadian back. If you just sit around with 1,000 CAD and don't trade it, you'll get 1,000 CAD back. Minus any fees in the fine print, without even making one transaction, you'll still probably lose money.
I have an idea. Why not mail to Harper? He (eventually, in his rather dithering/confusing "career", which as mixed up as "the party(s)" he runs with an iron fist) got an economics degree. It's totally worthless in Toronto and Montreal or anywhere in the "Inner World" (Inner Canada as Davild Kilgour calls it; the Windsor-Qubec City Corridor part of the North American industrial heartland, which competes with the world) because he got it from the university of Calgary Stampede Town). But maybe he could make you some money in international currency speculation, which he doesn't even have to speculate about: he knows what he's going to do next and tell "his" MP's from all over the country to do (or else; he's got quite a temper: and emotionally distraught people are exactly the "cool heads" you want to make you lots of money).
Maybe someone should look into that. I wonder what Harper and his minions do with their money? If they have others playing with their money in international currency markets they could make a killing. They know when they're going to make the Canadian dollar drop and that's when they buy. Then they ease off, or otherwise do something stupid, intentionally, "in favor against them", the Canadian dollar goes up and then they trade it for USD and cash out. I think I'll write an encrypted email to a few people I know to take that up in an op-ed. It's just speculation, but so what? We need to get this news out immediately. Along the lines of the speculation of the Gomery inquiry or Canadian dollar being at 62 cents until "potential of a change in the government" popped up, which is exactly the opposite of the facts -- as usual around the "conservative" (around what?) reform-alliance.
And it's uncanny how much ignorance their supporters actually believe.
And when, on what day exactly, did the Canadian dollar drop below 70 cents, in September, 2004, (8 months ago) let alone down pushing 60 cents U.S.?
Why didn't anyone tell Toronto or Monteal about it? Do you have a separate currency in Alberta? It's not a bad idea for all of the Outer Canadas to have a separate curency. And it's going to happen because it has to happen.
And why is that you want Harper to go against what the majority of the Canadian people do want and don't want? Is it just blind faith? Are there any facts you have, like the Canadian dollar being at 62 cents 8 months ago?
Wholesale trade
September 2004
Wholesale sales declined 1.9% in September to $37.6 billion, the first decrease in seven months. Excluding the automotive sector, total sales declined 1.3%.
Despite this sizable drop, sales rose 1.0% in the third quarter compared with the second quarter. This gain follows a 5.1% increase in the second quarter. Moreover, cumulative sales for the first nine months of the year were up 6.3% compared with 2003.
Since September 2003, total wholesale sales have generally been rising. Previously, sales went through a period of decline starting in March 2003.
In September, sales slumped in five of the seven sectors. Among them were the "other products" category (-7.5%), which includes chemical products and other agricultural supplies; automotive products (-4.3%); and building materials (-0.9%). Increases were observed in two sectors: farm products (+6.1%) and personal and household goods (+1.1%).
In constant dollars, wholesale sales slipped 0.9% in September, whereas for the first nine months of the year, they rose 7.2% compared with 2003.
[chart]
Automotive sector continues to suffer from weak Canadian consumer demand [we don't deal with 'Canada' just the Windsor-Quebec City corridor and the U.S.; what about American demand?]
Wholesale sales of motor vehicles dropped 4.3%. Sales were also down by 3.7% for the quarter, partly owing to weak sales by Canadian auto dealers in recent months. Previously, sales went through a growth period that began in September 2003.
Drop in housing starts affects the building materials sector
Wholesalers of lumber [tariffed by American lobbies to Congress; but this isn't addressing exports; yet] and millwork reported a 3.2% drop in sales, due in part to a decrease in housing starts in both Canada and the United States in September. Rainy weather and the continuing threat of hurricanes in the United States slowed new housing starts. Despite two consecutive monthly declines, quarterly wholesale sales advanced for a fifth straight quarter with a gain of 4.2%. Historically low mortgage rates in both Canada and the United States boosted housing construction.
Wholesalers of metal products saw their sales fall 1.5%. However, this decrease masks a
solid third-quarter performance. [
September being the last month of the third quarter -- 2004 in this document, also known as 8 months ago.] Quarterly sales
rose 12.0%, on the heels of another quite respectable increase of 9.6% in the second quarter. These strong gains are explained in part by the high prices of some products. The increase in prices is mainly due to robust demand for these products in China, which now accounts for more than 20% of global demand for metal products.
Another factor that could explain the lower sales of several wholesalers, namely "other products," metal products and lumber and millwork, is the
stronger Canadian dollar. In September, the Canadian dollar appreciated approximately 2% against the US dollar. These groups obtain a sizable share of their sales from exports, and many of their products are denominated in US dollars.
Available on CANSIM: tables 081-0007 to 081-0010.
Definitions, data sources and methods: survey number 2401.
The September 2004 issue of Wholesale Trade (63-008-XIE, $15/$150) will soon be available.
Wholesale trade estimates for October 2004 will be released on December 20.
For data or general information, contact Client Services (1-877-421-3067; 613-951-3549;
wholesaleinfo@statcan.ca). To enquire about the concepts, methods or data quality of this release, contact Jean Lebreux (613-951-4907;
jean.lebreux@statcan.ca), Distributive Trades Division.
And a higher Canadian dollar means more money is made on exports. It also means less is paid for imports. It also effectively lowers public debts, because they're calculated in USD (and the fderal debt is underwritten by NY financiers) and we have USD in various forms, in our treasuries backing our debts (or supluses) up.
Paying someone US$1,000 back at 6% interest in Canadian currency worth 62 cents on the American dollar as opposed to the 75.22 cents per Canadian dollar was truly worth 8 months ago, is quite a difference on over half a trillion dollars owed in American currency, not Canadian curency. And did you see any politician at all mentioned in any of the above? Do you have any economic report that gets into politics, other than of late, around the political instability that Harper and his minions are creating along with Bloc?
But it's expected around the Bloc and they don't have enough influence to create any real political instability (the Parti Quebecois is a different story; nothing federal can try to come up with a question that's approved under the Clarity Act, and best of luck, to try to secede from Canada and the last Quebec provincial election was on April 14th, 2003 so it's nothing that's coming up soon and plenty not only can but will change). The Bloc is symbolic to Quebec, it can't create political instability on its own because it doesn't have the seats to -- unles an alleged major "
Canadian" political party
aligns themselves with the Bloc to create incredible political instability.
And what party would that be?
The same on that told you, via what "newz" you look at, that the Canadian dollar took a nosedive to 62 cents U.S., 8 months ago, and no one bothered tell anyone about it other than "conservative"-reform-alliance boosters?
Was 62 cents US75.22¢ in Alberta in September, 2004, 8 months ago?
Or are you thinking of September 2003 when the Canadian dollar reached its highest level in eight years (over 78 cents U.S. before the Bank of Canada not only cut the Bank Rate but announced further cuts in the fourth quarter of 2003 because the Outer Canadas, the western Canadas in particular, were having major problems pawning their raw and semi-processed commodities off, sending the dollar into a nosdive from 78 high to 71 low in a few days a few days before the below was released), due to the highest U.S.-Canada interest rate differentials in eight years, among other things and was at .7296 cents US? It comes right from Alberta around commodities issues, as usual:
Despite a below average turf grass crop in Oregon, the "hand to mouth" buying continues. Prices continue to hold in the 40¢/lb range. Considering that fall 2002 prices were at 35¢/lb, and our Canadian dollar was at .6311 one year ago, our fescue price is holding it's [can't spell either] own despite the big move in our Canadian dollar. (CDN $ @ .7296 Sept 5, 03).
http://www1.agric.gov.ab.ca/$department/newslett.nsf/all/fsu3730
No one but international currency speculators pays any attention to the tenth and hundreds of cents. 73 cents US is what the 9 and even the 6 round it up to. 96 might look like this % (percent) in this font but it's 9 (tenths of a cent) 6 (one hundredths of a cent) not % (percent).
So what was going on in third quarter of 2003, the whole year, that got the dollar up to almost 79 cents U.S. before the Bank of Canada stepped in for the western Canadas (which is why we're going to stick a separate central bank in Vancouver, and not pull the Windsor-Quebec City Corridor out, it'd bankrupt the country in a month and the U.S. needs the supply that it needs from the Outer Canadas, while keeping out what does nothing for the economies of the Outer Canadas other than keeping them stuck in the agricultural era for the most part, doesn't expand their economies or markets, which is quite obvious after 100 years of it, being generous, since the industrial era hit North America, and it kills jobs in the U.S. and jobs that classified as "primary", as in what ends up as basic food and shelter and they're not going hand that over to any other country under any circumstances -- so stop it and get with the problem, figure out which century this is).
How's that turf market working out for you? Are the cows doling better, is the price of chicken up or down? It's all so fascinating.
So what year are you talking about? Even in September 2003, according to the "Turf, Forage and Legume Seed Market Update - September 10, 2003, Turf, Forage and Legume Seed Market Update" above, right from the Government of Alberta, well the biggest part of it, Dept of Agriculture, the Canadian dollar wasn't at 62 cents US even in September 2002, which would be "a year" before the date stated above, Sept 5, 03.
Which economist/analyst has endorsed Stephen Harper from Toronto, Montreal (the Windsor-Quebec City Corridor) or NYC? The markets close in Toronto, Montreal and NYC in ... well they're already closed. I'll tell you what the Canadian dollar is worth. Then you can see what happens at or after 4pm EST tomorrow.
I just TALKED TO an economist who just got off the phone after talking to dozens of others from all over the (developed) world. They're all betting that government won't be voted down -- now that that markets are closed, the vote can go ahead. The Canadian is up because Carolyn Parrish will be showing up to vote YEA, Kilgour is going to vote NAY, and if everyone shows up to vote instead of abstaining, which is quite possible around the 3 "conservative"-reform-alliance MP's from NL and NS stuck in that party who have to vote against the Atlantic Accord if they do show up, but with have to face warth of the Harper if they don't show up, and will probably be black and blue tomorrow, claiming they fell down the stairs if they don't show up and don't vote against the needs, let alone wishes, of their entire provinces.
The Canadian dollar, as with all currencies, continue to trade after te markets close, because other markets are open due (I know it's hard to accept for Harperites but the world is ROUND and it's not the center of the universe. it revolves while rotating around a little insignificant Yellow Dwarf star we call "Sun" out in the boonies of the Milky Way, which is a very new galaxy along with the trillions of others out there ... um, I'm kidding
Well, it's what I hear, but it's just a little joke about the religious "fundamental", codeword for extremist, not fiscal "conservative" part of reform-alliance that it takes an outsider to see; most people who are sexist discriminatory racists and ignorant, they tend to go hand in hand, and that's a generalization that isn't even directed at Harper, don't know that they are. They have "values" and that's their final answer).
But let's take a note for fun given the vote's going to happen in half an hour. It's not going affect financial markets in Tokyo, Hong Kong, Germany, the U.K. or even NYC in any short-term indicators. Or the price of Brent or W. Texas Crude, gold, silver. Juat the major indexes.
S&P/TSX comp. 9,469.78 +61.94
S&P/TSX Venture: 1,598.10 +4.27
S&P/TSX 60: 539.85 +4.23
Canadian dollar: .7938 (U.S.) (.794 rounded up)
TSX (composite) being up was a bit of a surprise given the price of oil fell. Wouldn't you agree? Why? And the comp. is about all we need along with value of the Canadian dollar. Quick looks at all the financial markets in the composite and you just watch the Canadian dollar fall, overnight, by the time you wake up tomorrow it could be below 78 cents U.S. if Harper and his good buddies in the Bloc get their way.
If not, there won't be any massive gains. All the major international investors are already betting that the budget is going to pass and there won't be massive political instability so as long as it doesn't happen there won't be any major losses.
If it does, there won't just be the little indicators above to look at -- pre-vote and after, if the budget (the real one) is defeated by the CRAP, I mean "conservative" reform-alliance party, it's just an acronym, C-R/A-P or R-A/PC-P to make it even more confusing: as it should be, becaue it is. It's why MP's have defected from it.
Anything that does this: $1.xx US is not what the Canadian dollar is worth. It's what it's worth in other countries, with interest rates of their own central banks on their own curency and interest rate spread between their central bank and ours.
I know why you want the 'liberals' out, I know why you want an election next month. But why don't you explain it without admiting that Harper is from Calgary, Alberta and thinks he represents a thing that doesn't even exists as any singularity: "Western Canada."
Do the math. He stated with joy that it's what he'd be doing when popular vote polls, 2 weeks before the election, showed that he might even get a majority. "FINALLY" whatever this singularity of "Western Canada" is, was going to get to "run Canada."
With what votes from where? Ontario alone has more seats than all four provinces of the western Canadas, plural, combined. It should have 42 more seats than the western Canadas according to the population and number of seats the western Canadas have, but it doesn't even have 20 more seats. It only has 14 more seats with over 3 million more people than all four provinces of the western Canadas combined. Saskatchewan doesn't have a million people and it has 14 seats. Manitoba has just over a million people and it has 14 seats. So 14 seats amounts to a million people. 14 (seats) mulitplied by 3 (million people more than all 4 provinces of the western Canadas combined) = 42 more seats.
Not only that but seats in the House of Commoners are adjusted after each dicentennial census, the 1991 to 2001 census in this case where:
B.C. gained 625,738 people and picked up 2 more seats
Alberta gained 428,807 people and picked up 2 more seats
Ontario gained
1,325,146 people and only picked up only
3 more seats
Quebec gained 341,479 people and gained
zero more seats.
What's 429,000 (Alberta) divided by 2? So why didn't Quebec pick up a single seat?
And Ontario gained almost a million more people than Alberta did but only got one more seat?
But we have lots of issues to take up with this ridiculous "federation" and hopefully the confederate feds will keep it up, they're screwing up business in south Ontario, I hope the Harper gets a "majority goverment" after the Gomery report now that the budget is out of the way -- and gives Quebec a "national capitol".
Windsor-Québec City Corridor, 2001
Ontario Section
10,706,513 93% of Ontario's population
Québec Section
6,327,354 87% of Québec's population
Total Population
17,033,867 57% of Canada's population
Source: Statistics Canada 2001 Census
Then we can tell him about the Windsor-Quebec City Corridor and oops, now we want a national capital in south Ontario too or we'll shut down the power and communications and empty the accounts of the confederate feds and kick them off our land, but perhaps another thread for that: to unite instead of dividing over a hopeless structure and insult to the word "systems."
