Friday, January 15, 2016

Is The Loonie Headed To 60 Cents?

How Much Further Will The Loonie Drop?

Canadians are being punished severely for serious economic blunders and decisions made by their former Conservative Government.

Prices for food are skyrocketing and the worst is yet to come.

While the former finance minister was so adamant that Canada’s economy was in great shape, all along the economy was evaporating.

Today Canadians are paying a hell of a price for the government bungling.

Government policies have allowed offshore corporations to rape Canada and steal its resources, now there is nothing in the way of reserves.

Even the taxation has been sloppy as wealthy Canadians have been allowed to move their funds offshore to escape taxation.  

Government policy has been to audit people such as birdwatchers while they find ways to benefit the wealthy.

Indeed, Canada was left in one jackpot by the prior government and it will take generations to restore the standard of living for Canadians if that is even possible.

Here are some articles about the state of the Canadian Loonie.

Canadian dollar dips below 69 cents US as oil resumes slide -
Fri, 15 Jan 2016 16:29:23 GMT
Canadian dollar was also down against the euro, the British pound and the Japanese yen. On the commodity markets, February crude oil futures were trading at $29.20 US a barrel, down $2 from Thursday's close. The falling price of crude — from moreᅠ...

Crippled Canadian dollar in free-fall, plunges below 69¢ - The Globe and Mail
Fri, 15 Jan 2016 14:42:39 GMT
was a “huge move” in the Canadian dollar just around the time the London market was opening, said Royal Bank of Canada currency strategist Adam Cole. The loonie was again pressured by oil prices, the risk-averse nature of the markets, andᅠ...

Amid loonie dip, Pacific Northwesterners go to Canada to get more for their money - KIRO Seattle
Fri, 15 Jan 2016 02:48:47 GMT
because the Canadian dollar -- the Loonie-- isn't going far at all. Over the summer it dropped to about 80 cents on the dollar. That's when people like Moorehead started to really notice a change in his passenger demographics, and this winter ...

Canadian Dollar Falls Below 69 Cents U.S. In Longest Losing Streak Since It ... - Huffington Post Canada
Fri, 15 Jan 2016 13:35:52 GMT
-- The Canadian dollar was trading below 69 cents US early Friday for the first time since 2003 as crude oil futures dropped below US$30 a barrel and overseas stock markets fell sharply. The loonie traded as low as 68.74 cents US about five ...

Canadian Dollar Forecast: Oil Prices and Long-Term Weak Inflation - Exchange Rates UK
Fri, 15 Jan 2016 16:31:55 GMT
crude oil trades below $30, the commodity-correlated Canadian Dollar exchange rate continues to struggle against damp demand. The latest CAD exchange rates have also suffered after the Bank of Canada's (BOC) winter Business Outlook Surveyᅠ...

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