With the Canadian dollar trading at near par, wait for it to go back to $1.46CND to one USD under Trudeau. The Liberals will turn Canada back into a welfare state like it was.
Canadian dollar trades at 77 US cents. It’s lost 25% of its value since 2011.
There was outside influence on both sides.. Steven Harper brought in John Howard’s (Australian) old campaign manager and he tried to stir the pot with a niqab issue. Obviously didn’t work.
Fact is, Canada is a resource-based economy, and like most resource based economies, it relied on exports to China. Blackberry was a great story, but it’s on a respirator. The housing market is in a bubble, particularly Vancouver, fueled by Chinese money trying to get out of that country. Don’t know how the auto makers are doing across the river from Detroit around Sarnia, I would guess they’re participating in the strong auto sales figures. Bombardier lost out on a big European contract recently.
But Canada isn’t that different from Russia— too many eggs in one basket. Western Canada has been subsidizing the eastern provinces for years. The welfare state never went away, it was just paid for with tax revenue off the exports to China.
today the Canadian dollar is at 77 cents (vs American $)
up north screwed themselves MULTIPLE ways here are a few:
1. Free medical- doctor shortage, and THEY TELL their patients to go to the U.S. if needing immediate or extensive treatment-
2. Bought into Kyoto big time- finally WITHDREW after the
goofy world communists wanted 14 Billion!! in fines!
So they now have signed on to Copenhagen accord!
3. accepting immigrants- who HATE Canada- gee where have
I heard this before?
Like the sheeple down here- the average Canadian has no
idea how their govt. is screwing their life- they blame it on the U.S.-
CDN Dollar now at 1.3009 to the USD! http://www.xe.com/currencycharts/?from=USD&to=CAD