Bank of Canada Hold Rates

[SASKFARMER3]

Oil patch in Canada will slow down, it is, USA is having a hay day with the fracking and its working. Years ago some one told me they will use up all oil every where then start using theirs.
Hm maybe that is true.
Canada is not sitting real healthy.
How is a house in Saskatoon or Regina or SHit hole Saskatchewan worth million dollars.
On our Cres the latest three are $750, 675 and 825.
WHen a house in my home town is $375, Explain.
Canada or Saskatchewan is in a housing boom that's whats creating the employment numbers where their at.
Once we start to slow down wow it could get ugly.
Farm land that's another story.
Ill still go with Property in Florida or Arizona as a better bet than Saskatchwan.
Also house hold debt is insane.

[Burbert]

F man, the NHL is playin games agin.
Comedia is set to cum roarin back. We
love hookey, ferget the economie,
environment, politicos sales taxis, build
that f'n arena, gooo, oilers gooo! Doom
and gloom is fer chumps not champs like us
Comedian framers, don'tya think????????

[liberty]

Holding interest rates at these absurdly low levels is only going to encourage more and more people and governments to take on debt loads that they cannot sustain in the longer term. Interest rates must start creeping upwards at some point in time, and when they do the results will be catastrophic. There will be no "soft landing".

[errolanderson]

liberty . . . you are right that rates
can't stay down for the long-haul, but
they will stay down for the long-haul
(IMO)

What if we go into a period of
deflation? Interest rates could even
drop further.

Japan went negative rates and basically
the U.S. is now negative after bank fees
are deducted.

No one agrees with this, but personally
see deflation on our doorstep that could
even affect farm input prices.

[Rareearth]

Is Canada willing or able to compete in a currency
war? If not our dollar will be high, and exports of
commodities will suffer, more than we can
imagine. This being said the high dollar will allow
for cheaper imported ag inputs, fert, chem, and
equipment. Lower cost getaways to warm places
as well.

[SASKFARMER3]

If you think Deere or Case or Newholland will drop prices if our dollar goes nuts think again. Their will be some BS factor.
Yes interest rates should have gone up. Hell Canada is not a island in this mess.
Personal debt is going nuts.
When young people sip starbucks and pay with VIsa but wont get a job at tims or mcdonalds because its below them. So we have to import workers we have a problem Houston.
Or these land deals where imigrants are borrowing 100% on land using their equity in their homes as down payment then borrowing the rest.
When it crashes its going to get real ugly.

[15444]

Machinery prices won't change if the dollar went high. The smart thing to do is buy in the US and get it shipped to the border and drive it across. Lots of deals on tractors in the US and for the difference in price on some tractors, you could buy 2 in the US and get them shipped from some where like North Carolina before you could buy 1 in Canada.

Note: this is for non-Deere tractors. Deere tractors are overpriced everywhere.

[seabass]

I believe the problems that the conservatives face in Alberta are a result of there own success. If u were left to do what u want for the last forty years without any repercussions this is where u end up. Having some change now and then is good for everyone. I'm about as conservative as u can get but I think a different perspective on things would make them appreciate the positions they hold along with the decisions that need to be made.

[Horse]

Will someone help me out here.
We are shipping 2mil barels of oil / day to the US AT $45 / bl or what ever and not making any money sooo how does shiping twice as much to the same customer help any. How does that increase the price. If we were picking up a new customer along the way I could see an advantage?

[ASRG]

Seabass: I hate to tell you this.....but all the conservatives have left the building! Al that is left are the "progressives" (liberals) led by the socialist, Alison Redford!
Come on over to the darkside....the Wildrose!