The great debt crash

[jazz]

Bold call by CIBC, I guess not outside the realm of possibility if we decide to decouple from US interest rate policy.

Please post link

https://www.bnnbloomberg.ca/loonie-a...nada-1.1892308

The bank phoned me up yesterday and said congrats, you have been selected for an unsecured credit line. I asked at what rate, he said 9.5%. LOL. I said keep it.

Business banker I chatted with said the lending is drying up big time. Didnt say where or what sector, imagine its all around but mostly housing.

[workboots]

.715 - .725

[foragefarmer]

Yeah and I took a lot of sht and abuse from the usual suspects when I called a 6 handle on the loon.

Right again. I predict 62c is in the near future. Right back to when we nearly defaulted in the 90s.

Seriously, let Trudeau win the election. Nobody will want to touch this smoking ruin after.

The link you provided states 1.39.

Weren't you predicting the same fairy tale a couple of years ago, and within a couple of months after that the CDN$ did the exact opposite and gained ground against the US$?

Time for you to short the CDN$ again Jazz.

[Old Cowzilla]

Won't we be popular with America cattlemen with a .62 $

[sumdumguy]

I overheard a conversation yesterday of some seniors wondering when their carbon tax cheque is coming. One piped up and said April 18 and all were excited. Hmmm

[ajl]

If I understand the US is signalling an increase of another 0.5 points?

If Canada doesn’t our $ falls more?

This. The loons drop just means the insiders know the bank of canuckistan is standing pat and letting inflation go while the Fed will rise at least 50 basis points. Stagflation: it was so much fun in the '70s. Ordered a new truck in mid Feb so have a locked in price. Hopefully it shows up soon.

[jazz]

BoC holds rates, buh bye northern peso.

Macklem has chosen the housing bubble and inflation over our currency and purchasing power.

Good luck. Trudeau can wear this.

Hot jobs numbers coming out of US too

https://edition.cnn.com/2023/03/08/economy/job-openings-layoffs-jolts-january

[Rareearth]

China soybean imports are near record highs ( prior to Covid), how can media suggest there is no demand when there is no export sales reporting?

[Old Cowzilla]

China soybean imports are near record highs ( prior to Covid), how can media suggest there is no demand when there is no export sales reporting?

Soybean contracts about $1.50 HIGHER for fall delivery than one year ago.

[Austrian Economics]

The Bank of Canada has to be careful about holding the line on interest rates if the Fed insists on further hikes. It won't take a massive spread to spark a run on the Canadian dollar.