Bank of Canada Backpeddling

[sumdumguy]

I don't understand why everyone thinks that having a worthless currency is the key to prosperity. Drop the dollar more. Why not have a loonie worth 0.01 US? Looks like we may find out what a 0.01 dollar does.

Well, we would be very competitive.

[Klause]

Drop the dollar. Need more dollars to pay for stuff. Print more it drops more print more all the while the economy is slowing.


Presto. Hyperinflation

[Rareearth]

You’ll pay for the land in no time

[sofa.king]

I was listening to a financial program on satellite radio and canada is now on the same list as Greece Italy Portugal and Spain. They were talking about getting away from cash and owning hard assets as we are on the path to becoming another Venezuela. It's starting to get real unless you listen to trudope or the media as they say economy is booming. It's time to tighten the purse strings and hope for the best.

[errolanderson]

I was listening to a financial program on satellite radio and canada is now on the same list as Greece Italy Portugal and Spain. They were talking about getting away from cash and owning hard assets as we are on the path to becoming another Venezuela. It's starting to get real unless you listen to trudope or the media as they say economy is booming. It's time to tighten the purse strings and hope for the best.

sofa, good advice . . . U.S. is now past-due for a recession and 2018 will be a test. This will shake Canada's economy further. I'm disappointed with Ottawa leading consumers and taxpayers alike along the garden path of an economic boom and balancing budgets. Ain't gonna happen (IMO) . . . .

[errolanderson]

U.S. dollar now rocketing higher this week on Euro fallout. This is placing significant added selling pressure on our loonie and gold prices.

U.S. 3rd quarter released this morning at 3%, above average trade estimates of about 2.6%.
Interesting, U.S. inventory build accounted for 0.7% of GDP increase which is a head-scratcher. 2nd quarter GDP was 3.1%. Suspect U.S. GDP will begin to ease lower in later fall re-estimates ahead.

December Cdn testing next major support at 77 1/2 cents this morning . . . .