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Fidelity Investments’ David Wolf CAD = US$0.62

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    Fidelity Investments’ David Wolf CAD = US$0.62

    https://www.bnnbloomberg.ca/the-daily-chase-money-manager-s-ominous-loonie-call-boeing-scrutiny-intensifies-1.1230420 https://www.bnnbloomberg.ca/the-daily-chase-money-manager-s-ominous-loonie-call-boeing-scrutiny-intensifies-1.1230420

    Liberals don't care if your wealth erodes, they just want to get re-elected, no matter what it costs you !

    #2
    Exactly what is needed, maybe .61

    Comment


      #3
      Hard to fill the US$ account with a 62 cent Canuck buck. Not that I have one to fill anyway.

      Might help keep us competitive in the export grain market side. Better have all your US built farm iron needs bought before the buck hits that level.

      Opinions....who knows if it go that far down.

      Comment


        #4
        Just send it to .15 and let's hit the reset button.

        Comment


          #5
          They have been predicting this for years, it was .71 around jan 2016 but hasn't been real low since then. Not sure you will see it in the .60's. Even if you did the grain buyers would eat up all that foreign exchange profit. They only like to pass on the exchange rate when it's not good for you!

          Comment


            #6
            Airseeders, augers, grain trailers, grain carts, and Massey tractors are all built in Canada - Trade the green and red.

            In a year,
            Grain sales say $1,000,000
            Currency moves 10 % lower increases Farms gross income by $100,000 ish

            Buy equipment say $200,000 in that year from usa only increases the cost $20,000

            I’ll take the $100,000 ish ( if Richardson is cooperative) thank you

            Comment


              #7
              Originally posted by Rareearth View Post
              Airseeders, augers, grain trailers, grain carts, and Massey tractors are all built in Canada - Trade the green and red.

              In a year,
              Grain sales say $1,000,000
              Currency moves 10 % lower increases Farms gross income by $100,000 ish

              Buy equipment say $200,000 in that year from usa only increases the cost $20,000

              I’ll take the $100,000 ish ( if Richardson is cooperative) thank you
              As a Massey fan, curious where they are built in Canada? There are 2 plants in US, 2 plants in Brazil and one each in Italy and France. Those are actual Massey plants, not sub-licenced plants.

              Comment


                #8
                Originally posted by 15444 View Post
                As a Massey fan, curious where they are built in Canada? There are 2 plants in US, 2 plants in Brazil and one each in Italy and France. Those are actual Massey plants, not sub-licenced plants.
                Versatile is made in Canada but don’t think Massey builds tractors here.

                Comment


                  #9
                  doesn't matter if they are built in Canada , still US price , just ask BG

                  Comment

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