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

By errc following x   2017 Jun 26, 9:12am 740 views   11 comments   watch   quote     share  

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

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

Lower prices for commodities, particularly oil.

#canada

2 Tenpoundbass   2017 Jun 26, 9:47am   ↑ like (1)   ↑ dislike (1)     quote        

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

3 Graybox   2017 Jun 26, 9:51am   ↑ like (2)   ↑ dislike (2)     quote        

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   2017 Jun 26, 12:02pm   ↑ like (1)   ↑ dislike (1)     quote        

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   2017 Jun 26, 2:07pm   ↑ like (1)   ↑ dislike (1)     quote        

Is the Canadian Dollar backed by anything? Enough said.

6 iwog   2017 Jun 26, 2:13pm   ↑ like (1)   ↑ dislike (1)     quote        

Tenpoundbass says

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

This is absolutely NOT how the currency markets work ever.

Right now the USD is paying over 2% for the 10-year bond. Canada is paying 1.4%. People want a higher rate of return, both nations have low inflation, so you need to sell CAD to buy USD in order to get the higher return and the value of the Canadian dollar drops.

7 iwog   2017 Jun 26, 2:14pm   ↑ like (0)   ↑ dislike (0)     quote        

NuttBoxer says

Is the Canadian Dollar backed by anything? Enough said.

This is also not the way the currency markets work ever.

8 AllTruth   2017 Jun 26, 2:28pm   ↑ like (0)   ↑ dislike (0)     quote        

REAL rate of inflation is multiples higher than nonsense Iwog is blabbing about (I agree with him often, but this is major one of contention between he and I).

BLSs CPI (consumer inflation index) is horribly flawed, weighing inflation on things needed to be purchased daily or weekly or monthly (groceries, medical bill/prescription drug costs, rent/housing, energy, insurance, tuition, etc.) in same manner as things need to be purchased once every 2 years to 10 years (clothing, computers/electronics, media, etc.).

Inflation is white hot right now in peoples' real lives, and the BLS CPI is a travesty.

Check ojt inflation on following items between 2011 and today -

Prescription meds

Medical treatment

Medical Insurance

Concrete

Tuition

Asphalt

Building materials

Fresh produce

Rent

Housing prices

Auto prices (especially truck, SUV and CUV prices)

Auto insurance

Dental care products and prices of procedures

Beef/Pork prices

Utility prices

Property taxes

I could go on, and on, and on

9 NuttBoxer   2017 Jun 26, 2:41pm   ↑ like (0)   ↑ dislike (0)     quote        

iwog says

This is also not the way the currency markets work ever.

Glad that was cleared up. Because IWOG SAID SO.

10 SFace   2017 Jun 26, 10:12pm   ↑ like (1)   ↑ dislike (1)     quote        

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.

11 anotheraccount   2017 Jun 27, 6:39am   ↑ like (1)   ↑ dislike (1)     quote        

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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