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Why has CAD lost 1/3 of it's value vs USD over the last four+ years?

By anonymous following x   2017 Jun 26, 9:12am 1,447 views   9 comments   watch   sfw   quote     share    


I don't understand, what am I missing here?

1   zzyzzx   ignore (1)   2017 Jun 26, 9:44am   ↑ like (3)   ↓ dislike (0)   quote   flag        

Lower prices for commodities, particularly oil.

#canada

2   Tenpoundbass   ignore (11)   2017 Jun 26, 9:47am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Because the USD is still the best thing going spite how bad our markets get.

3   Done   ignore (1)   2017 Jun 26, 9:51am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Canada's oil cnts. 25% +/- GDP while the US is the target of the worlds money flow of the 1% considering US has the largest, most diverse and liquid markets by far of any.

4   curious2   ignore (0)   2017 Jun 26, 12:02pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

zzyzzx says

Lower prices for commodities, particularly oil.

This. Also, Canada has already taken in more Muslim migrants than they can monitor, and the costs are already starting to add up. Adding insult to injury, the "Liberal" party is moving the government against blasphemy (which they call "Islamophobia"), possibly in coordination with the official "Muslim world plan" against blasphemy.

Looking ahead, as more "Canadians" try to wage jihad against the USA, which is Canada's largest trading partner, trade that Canada depends on will inevitably become more difficult. As Canada becomes known more for jihadis rather than hockey, tourism will fall as it has already fallen in France. For these reasons, fewer people will need CAD, and Canada will need to print more CAD to pay the surveillance bills.

5   NuttBoxer   ignore (2)   2017 Jun 26, 2:07pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Is the Canadian Dollar backed by anything? Enough said.

6   SFace   ignore (0)   2017 Jun 26, 10:12pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

The most direct answer is Canada, is basically. Gold, silver, potash, timber, tim hortons, copper and tim Hortons.

When commodity prices crashed, so did the economy. All the while the us, lead by technology and strong job growth and Amazon forced the Fed to raise rates.

7   anotheraccount   ignore (1)   2017 Jun 27, 6:39am   ↑ like (1)   ↓ dislike (0)   quote   flag        

SFace says

The most direct answer is Canada, is basically. Gold, silver, potash, timber, tim hortons, copper and tim Hortons.

And they have a huge housing bubble. They are screwed unless oil can get back to 100 which is unlikely.





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