Lets look at the Facts why is Canada in Last Place. Trudeau is the Problem!

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Lets look at the Facts why is Canada in Last Place. Trudeau is the Problem!

SASKFARMER3's Avatar Oct 30, 2017 | 07:30 1 The Canadian dollar has been the weakest performer of the G10 currencies in the seven weeks since the Bank of Canada last raised interest rates, and some strategists predict more declines in value after the central bank on Wednesday dialed back expectations for more interest rate increases this year.
The loonie posted a more than two-year high near at C$1.2063 to the greenback, or 82.90 U.S. cents, in September as expectations for additional rate hikes prompted investors to build bullish bets on the currency to their highest in five years. Those positions may now become unprofitable.

“We are seeing speculators run for cover,” said Scott Smith, managing partner at Viewpoint Investment Partners. “We’ve seen expectations for future rate hikes walked back.”

Perceived chances of another hike by the end of the year have fallen to 25 percent from nearly 100 percent before a speech last month by Governor Stephen Poloz, which signaled the central bank had become more concerned about the currency.

That reduction in rate hike expectations has led to a loss of the yield advantage that the Canadian dollar had over its U.S. counterpart since September.

The two-year spread, which peaked in September at 25 basis points, has slumped to -17 basis points.

That unfavorable gap in yields helped push the loonie to a three-month low of C$1.2916 on Friday, taking it full circle to where it was before the Bank of Canada hiked in July for the first time in nearly seven years.

“A smoother path and a bit more communication (from the Bank of Canada) may have avoided some of the unwanted volatility in the Canadian dollar,” said Shaun Osborne, chief currency strategist at Scotiabank. (Reporting by Fergal Smith; Editing by Steve Orlofsky).

Why are we last place and not getting our shit together.

Its easy Gov Jobs and Mc Donald's and Starbucks and Call centre are Jobs but really you don't buy million dollar homes with these jobs. Unless 20 live in the house. Thats a whole other topic.

Jt Is taxing us to death and going after every one who works or is sick for money.

He Hands out money to foreign countries like its Candy at halloween.

His finance minister is a crooked as a Home Depot 2x4 in the Scrap bin.

He is in favour of Useless Carbon tax that adds shit all to Canada actually hurts us yet on it goes.

He kills our oil industry and is in favour of importing oil from Third world dictators with no Human rights or Cares how its produced.

Pipelines are bad in Trudeaus world, why not dump pure shit into the rivers thats ok but clean good oil produced at home is bad.

Nafta now that is the next big joke that he will destroy our economy with. Lets negotiate trade but go their with Fairy dust ideas of equality etc in the draft document.
Its trade moron.

What a genius we Elected! Can the election come soon enough before we move to a third world country.

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Oct 30, 2017 | 07:46 2 The problem with Trudeau is he put incompetent arrogant people in positions they had no business having....


BUT to be fair.....voters elected an incompetent aroogant person.....so who is really to blame here? Reply With Quote
SASKFARMER3's Avatar Oct 30, 2017 | 07:49 3 I agree you can't put people in Cabinet posts if they have no credentials at all. Just because he wanted a quota of most women or men or New Canadians. Doesn't mean unqualified.

Second as a country we did screw up and go for the flash and ended up in the trash.

Third Harper is to blame as he should of quit and let us elect some one new and crush the idiot.

Their i said it yes this we can blame on Harper. He did well and it was time to call his time in Ottawa over. Reply With Quote
Oct 30, 2017 | 07:56 4 Sad thing is sf3....he is going to get in next election again. Maybe not a majority but he will be around for a long time yet. The Ndp will keep him alive. Imagine the deals these guys will be cutting. Reply With Quote
Oct 30, 2017 | 08:15 5 Ethics commissioner has now found 5 more Liberal cabinet ministers with holding companies controlling assets similar to Crooked Morneau.

Yes drama boy will go down as worst PM ever.

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Oct 30, 2017 | 09:50 6 Talk about fake news. To insinuate Canada is in last place because of one metric - how our dollar has fallen compared to the US dollar - is pure propaganda.

The economy must be measured by much more than currency comparisons. Before writing off Canada consider these metrics as well:
-IMF, Oct 17, Canada leads G7 in growth
-OECD Sept 17, predicts Canada's economy will be the best in the G7
-MTL blog, Aug 17 "Canada's economy is known for being stable and consistent but this year has definitely turned some heads given that we are second among G7 countries in terms of net GDP growth over the past 8 months. Nearly 300,000 jobs have been added and growth at 2.5%"
-KMPG Report on Economy, 2016, Canada in first place in cost competitiveness and lowest corporate taxes of G7.

I know it must be tough when the dollar drops against the US dollar for all those who spend winters in southern US and Hawaii and spend dollars they earn in Canada stimulating the US economy, but remember that a lower dollar yields higher prices for our commodities. Or would real farmers prefer 30% less for their grain this year and a dollar at par so it is not so costly for snowbirds this winter. Reply With Quote
Oct 30, 2017 | 10:10 7 The ethics commissioner needs to be turfed. .... Reply With Quote
Klause's Avatar Oct 30, 2017 | 10:31 8
Quote Originally Posted by dmlfarmer View Post
Talk about fake news. To insinuate Canada is in last place because of one metric - how our dollar has fallen compared to the US dollar - is pure propaganda.

The economy must be measured by much more than currency comparisons. Before writing off Canada consider these metrics as well:
-IMF, Oct 17, Canada leads G7 in growth
-OECD Sept 17, predicts Canada's economy will be the best in the G7
-MTL blog, Aug 17 "Canada's economy is known for being stable and consistent but this year has definitely turned some heads given that we are second among G7 countries in terms of net GDP growth over the past 8 months. Nearly 300,000 jobs have been added and growth at 2.5%"
-KMPG Report on Economy, 2016, Canada in first place in cost competitiveness and lowest corporate taxes of G7.

I know it must be tough when the dollar drops against the US dollar for all those who spend winters in southern US and Hawaii and spend dollars they earn in Canada stimulating the US economy, but remember that a lower dollar yields higher prices for our commodities. Or would real farmers prefer 30% less for their grain this year and a dollar at par so it is not so costly for snowbirds this winter.


Do me a favour dml



Plot the price of a double double a big Mac and a Chevy pickup in CAD from 1980 today.



Then take Canada's GDP numbers and remove government growth and real estate.


Now look at the numbers.


Scarry isn't it? Reply With Quote
Oct 30, 2017 | 10:53 9
Quote Originally Posted by Klause View Post
Do me a favour dml



Plot the price of a double double a big Mac and a Chevy pickup in CAD from 1980 today.



Then take Canada's GDP numbers and remove government growth and real estate.


Now look at the numbers.


Scarry isn't it?
Klaluse: Interesting choice of products to compare to GDP. Why not wheat or canola? And have done the exercise you want me to do for all other countries or even the G7 nations? If not, how can you say we are worse off than other countries without doing a comparative analysis?

Instead consider the following from Kevin Milligan, University of British Columbia


"Government’s share of GDP has shrunk"

“Questions about the ultimate size and role of government lingered in the background in 2015 policy debates ranging from pensions to childcare to infrastructure. The answer will depend on one’s views on the competence and efficiency of government actions over different kinds of economic activity. But the debate should be informed by fact—and the fact is that government’s share of economic output has shrunk over the last 20 years.

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SASKFARMER3's Avatar Oct 30, 2017 | 11:39 10 Wow yea canada is doing oh so great.

To all liberals you can spin it any way you want it’s not going fine and selfi boy is to blame.

As for the USA dollar and my Holliday’s all bought early and for this and next winter hopefully he is gone by then.


Big expense is all we buy from the USA like combines tractors inputs everything. Ouch that hurts way more what next a million dollar combine in canada and 400000 in USA they have a great advantage. Yes canola will stay at 10 to 12 and winter my go higher. Big advantage.

The real question for liberals is why is he so stupid. Reply With Quote
Oct 30, 2017 | 12:53 11 Wow you really have it tough Sask. You have already paid this years and next years US holidays! You thrill us with you multiple combine purchase stories all the while complaining how our dollar is dropping. You blame this government for the drop in the dollar yet it is within 0.02 cents of where it was in 2015 before Trudeau (0.782 - 2015, 0.768 - 2017). You cry about input costs going up yet do not acknowledge, on exchange rate alone, our commodity prices also go up. You are making generalized statements about how bad Canada is and lay it all at the feet of Trudeau. Well I call BS. Here is just a few surveys of how other see us:

USA today Mar 2017 ranks Canada the second best country in the world to live in: https://www.today.com/money/2017-bes...report-t108890
Business Insider in 2017 reported on UN rankings of best countries to live in and Canada made the top 10 list out of 200 countries http://www.businessinsider.com/best-...245-per-year-1
UK's Telegraph places Canada in 7th place when rated for "happy countries" http://www.telegraph.co.uk/travel/ga...est-countries/

You ask how Trudeau can be so stupid. The question you should be asking is why was a person this stupid, elected. Apparently the answer is the majority of people found him more qualified to be PM than the leaders of the other parties. Doesn't say much for the other leaders does it! Instead of blaming Trudeau, maybe it is time to look in the mirror. Reply With Quote
Oct 30, 2017 | 13:05 12 Thank u SF3. Go buy some equipment. U will shit your pants. Way out of hand. Criminal in fact. We need 20 canola to pay for that shit. Dealers just say take it over a longer period. Who the fuck are we working for. We shud be alot closer in value than 20 cents. But a dummy like Trudope wouldnt have a clue or care. Reply With Quote
Klause's Avatar Oct 30, 2017 | 13:08 13
Quote Originally Posted by dmlfarmer View Post
Klaluse: Interesting choice of products to compare to GDP. Why not wheat or canola? And have done the exercise you want me to do for all other countries or even the G7 nations? If not, how can you say we are worse off than other countries without doing a comparative analysis?

Instead consider the following from Kevin Milligan, University of British Columbia


"Government’s share of GDP has shrunk"

“Questions about the ultimate size and role of government lingered in the background in 2015 policy debates ranging from pensions to childcare to infrastructure. The answer will depend on one’s views on the competence and efficiency of government actions over different kinds of economic activity. But the debate should be informed by fact—and the fact is that government’s share of economic output has shrunk over the last 20 years.

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You can do all countries. I'm not saying ones better than the other. I picked consumer Staples. Inflation is way hogher than fake news will tell you, cost of everything going up wages aren't which drops standard of living.


43% of people in Vancouver can't afford the houses they are living in.


Add 1+2.

All the "red hot" growth in Canada has been from real estate and government spending... The first will crash thr economy the second is going to put our children's children in the poor house.



Compare to the US numbers for the past 6 months that everybody in the media wants to so desperately run down...


3% growth from real estate and government or 3% from hiring factory orders and increased production. You pick.


And now I'm not saying the USA is great they are in a major bubble with their stock market and QE but we are worse off right now and actually need to take heed. Reply With Quote
SASKFARMER3's Avatar Oct 30, 2017 | 13:46 14 Wow dmlr

This is for you and your lovely liberal party that fills their pockets on the backs of hard working Canadians.

Yea it’s called planning ahead and when we had another Trudeau you had to really plan ahead.

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Oct 30, 2017 | 22:46 15 I can see the Paul Martin and Steven Harper part of the chart dml, but what happens when Justin shows up?

It only goes to 2014 when Canada was considered a leader in responsible budgets and we were back down to around 38% tax. Reply With Quote
Klause's Avatar Oct 31, 2017 | 08:06 16 Hot of the presses...


http://www.cbc.ca/beta/news/business...gust-1.4379801


Fake economic data only goes so far.... Wait for the housing market to devalue slightly. Then s full on panic crash. Reply With Quote