Loonie Headed Higher?

[macdon02]

Here's a scary thought..... what happens if Trump and the US taxpayer, pulls the navy out of all foreign waters and brings them home. Is an export based economy still feasible without the protection the US navy provides worldwide for free? Who has the resources militarily to provide security for all those Chinese and foreign flag freighters that are dodging tax and regulation. If the US navy comes home, globalised trade as we know it is over.

[SASKFARMER]

Agree if the USA pulls there toys home it’s a pirate 🏴*☠️ life for all.


I need 85 cent Canadian and I’ll transfer south a good chunk change again.

[errolanderson]

For cattle feeders needing Cdn dollar protection . . . .

Dec Cdn dollar 77 call option trading @ 0.84 cents
Dec Cdn dollar 77 1/2 cent call @ 0.64 cents
Dec Cdn dollar 78 cent call @ 0.47 cents

Cdn dollar contract are $100,000 Cdn in size.

USD remains too strong for American exports (IMO)

an opinion . . . .

[grassfarmer]

Here's a scary thought..... what happens if Trump and the US taxpayer, pulls the navy out of all foreign waters and brings them home. Is an export based economy still feasible without the protection the US navy provides worldwide for free? Who has the resources militarily to provide security for all those Chinese and foreign flag freighters that are dodging tax and regulation. If the US navy comes home, globalised trade as we know it is over.

Funny thing - there was globalised trade long before there was a US or US navy and it would continue long after even if the US ceased to exist. I don't get why so many think the sun shines out of their ass.

[TASFarms]

We all know how small the Canadian navy is

[AlbertaFarmer5]

Funny thing - there was globalised trade long before there was a US or US navy and it would continue long after even if the US ceased to exist. I don't get why so many think the sun shines out of their ass.

Yes there was, and it involved nasty things called imperialism, and colonialism, and a constant state of war, culminating in an event known as WWII. Most of the world seems to prefer the type of world trade we have now, compared to that. Japan in the 20th century would be an excellent example of the contrast between the two states of affairs, and well worth studying.

[Oliver88]

Here's a scary thought..... what happens if Trump and the US taxpayer, pulls the navy out of all foreign waters and brings them home. Is an export based economy still feasible without the protection the US navy provides worldwide for free? Who has the resources militarily to provide security for all those Chinese and foreign flag freighters that are dodging tax and regulation. If the US navy comes home, globalised trade as we know it is over.

It would be nice if they did, this might greatly effect the oil tanker shipments leaving the middle eastern countries that are surrounded by terrorists and pirate ships.

[AlbertaFarmer5]

It would be nice if they did, this might greatly effect the oil tanker shipments leaving the middle eastern countries that are surrounded by terrorists and pirate ships.

Replace the word IF with WHEN.

[errolanderson]

Fed rate cut proposed for late July could have a big impact on the loonie and gold. Market has already dialed-in at least a 1/4% rate cut . . . some talk of a 1/2% cut. The U.S. economy is just seeing smoke right now. What happens when an economic fire breaks out? Does the U.S. go to negative rates like Europe?

Should the Fed shock-the-market and not cut rates, gold may be vulnerable to a heavy sell-off (IMO), the loonie would be hit as well. The loonie is really being impacted by factors outside of our borders . . . .

[Rareearth]

If the USA dollar is too high for its exports... then Canada needs to devalue (lower interest rates) to export to the usa, cannot afford to lose that market.

Canada as a % of gdp needs exports, usa is more self sufficient. If need be they will make more ethanol for corn growers and rural usa without costing the general public or tax payers a dime, + tax revenue