Panic in Ottawa after one drastic change in Canadian monetary policy
- Thread starter mentalfloss
- Start date
The Saudis are taking this on the chin as much as any other nation... Think about it, they could sell 1/2 as much oil at double the price to generate the same revenues.
This is more about geopolitics and (attempting) to lock-in market share on a global basis
The Prince you speak of will do well to understand that there is just as much opportunity for Western nations to form their own trading block and exclude OPEC or invoke a form of oil tax (I'm thinking something along the lines of terrorist oil as opposed to dirty oil).
There's more than 1 way to skin a cat
Do you honestly believe that Harper controls the global price of oil?... Gold?.. Grain?... Lumber?
Not really. Only bad for those investors that are overexposed in one market. Construction and forestry are both picking up in BC. But it all makes good buzz for a media that is too lazy to pursue real stories. Even moreso for the CBC that would love to cast the government in a bad light.
Expect forestry to do well... Housing starts are up (especially in the USA), low CAD good to export South and teh cost of fuel is down.
Big win-win for lumber
Don't forget that is $60 plus shipping. Not paying shipping on imports lowers the domestic price at the pump further.
No, that information is not available to me. Anyone have numbers for that cost/barrel?
If we can achieve both manufacturing and gas sales at the same time, Canada is going to rock for the next 15 years
Won't happen.
Manufacturing favors a lower dollar while it's the opposite for oil.
It's okay though because we've got Harper on training wheels lol
Bank of Canada’s rate cut puts training wheels on Canada’s two-speed economy | Financial Post
Manufacturing favors a lower dollar while it's the opposite for oil.
It's okay though because we've got Harper on training wheels lol
Bank of Canada’s rate cut puts training wheels on Canada’s two-speed economy | Financial Post
Any thoughts on the mfg sector competing with China, or do you magically think that it will all just work out?
I'll find you oodles of industry article that say Saudis say $80 and they are f-cked.
What difference dose it make that our currency is at 85€ for oil companies. only makes our oil better priced for exports.