Canadian bucks

[GOODRUM]

Our loonie is always valued against the US dollar, it hasn’t changed in value much lately but the US has similar inflation and problems as Canada so wouldn’t it be more accurate to value it against a currency without a woke green agenda?
How has the US dollar been holding value globally? My thoughts are if we are comparing ourselves with a crumbling US dollar we are not getting the whole picture of how our Canadian dollar stacks up on a global scale.

[biglentil]

Our loonie is always valued against the US dollar, it hasn’t changed in value much lately but the US has similar inflation and problems as Canada so wouldn’t it be more accurate to value it against a currency without a woke green agenda?
How has the US dollar been holding value globally? My thoughts are if we are comparing ourselves with a crumbling US dollar we are not getting the whole picture of how our Canadian dollar stacks up on a global scale.

Correct many a highly edumacated economists do not get that concept. Best to compare the dollar against a basket of commodities. Since 1971 with the abolishment of Bretton Woods quasi gold standard the dollar has lost 95%+ of its purchasing power. Usd looks to be rolling over the downside imo.

[jazz]

GR, the loon has been detached from oil due to our massive debt overburden. It will be 60 some cents before you know it.

Canada just dropped another $20B for some jets. We are in way over our head here.

[Old Cowzilla]

Canada just doesn't look like a good place to invest your money these days. Unless you think coffee shops full of homeless folks is a good buy. I wonder if Japan will have better luck trying to buy gas ?

[shtferbrains]

Someone must have arranged the meeting with the Japanese? Not like he just shows up one day unannounced.
They are looking for east coast departure. That good or bad?
Mr Treudau might just splain to him the we won't be producing O&G in the near future.
We're not the dirty people trying to create wealth. We're Canadians and above that kind of stuff.
We have a climate activists looking after that part of our resources.

[jazz]

The only LNG facility close to operation is Kitimat. There is nothing on the east coast. Why would Japan want to transit Panama to get their gas. Man these guys are stupid.

[sumdumguy]

Why would the Japerese want to anything with this weirdo county? Maybe he’ll take Chuck and a bunch of Liberals back home with him - to make Japan great. 🙈

[Stormin]

If you weren't in Bitcoin before, the recession and the SBF scam has made Bitcoin the perfect currency to use your Canadian fiat dollars to purchase. It is the "hardest" currency and will outlast all the fiat money and likely gold.

[TASFarms]

If you weren't in Bitcoin before, the recession and the SBF scam has made Bitcoin the perfect currency to use your Canadian fiat dollars to purchase. It is the "hardest" currency and will outlast all the fiat money and likely gold.

Who owns bitcoin? The main guy behind it

[blackpowder]

Just a wag.
The war has decoupled a % of trade away from the USD. That won't come back.
Thinking the greenback will be defacto world currency for a while yet because it's a legally stable jurisdiction.
The answer to the question in 50 years lies in what's best for China.
Once we're hooked on the yuan, stability will look the way Beijing wants it to.
Our CAD will always be relational to the USD. But I don't see a par dollar for decades. If ever again. $.80 seems dreamy.
Looking at what has increased in price the most this past year and what makes up the bulk of our GDP, we'll have a commodity dollar for some time.
A start would be politicians with a background in business. 🤣🤣🤣🤣
And a population that knows how to pay a mortgage. 🤣🤣🤣🤣