$60 Crude = 80 cent Loonie

[the big wheel]

errol what effect will cryptos have on gold and any other market for that matter. There is only so much money to invest.
I think there is an initial time frame where cryptos are an investment then shouldn't they become a normal price stable as that value is figured out for each currency?
What are your thoughts?

[errolanderson]

errol what effect will cryptos have on gold and any other market for that matter. There is only so much money to invest.
I think there is an initial time frame where cryptos are an investment then shouldn't they become a normal price stable as that value is figured out for each currency?
What are your thoughts?

If this occurs, banks and the banking system may be under pressure. Really have no idea right now as cryptos are now targeted by criminal money and unregulated.

[the big wheel]

That's true the value of them likely will be determined by how they are regulated or if not. if they catch on worldwide what would be the value of holding gold? Good backs money does crypto need to be backed? It's always there. No bank to go broke or no worry about the country go broke either. It's interesting stuff.

[Oliver88]

It appears is putting the pedal to the floor with approving offshore drilling....Al Gore fan club will undoubtedly lose their mind.

http://abcnews.go.com/Politics/trump-administration-seeks-expand-offshore-drilling-federal-waters/story?id=52141264

I’m assuming this is part of the USA energy independence America First plan....which should reduce funding terrorist friendly countries.

[errolanderson]

December job data in both Canada and U.S. released this morning . . . .

U.S. unemployment remains at 4.1% with a 45 year low labour participation rate of 62.7%
Dec jobs created 148,000, well below the average consensus of 190,000 jobs. Biggest losses in retail.

Canada superstar report . . . . Dec jobs created approach 80,000, well above the average estimate of 1,000 jobs . . . say huh? Our unemployment has declined to 5.7%.

Translation, huge move higher in the Cdn dollar after release. Loonie now approaching 81 cents U.S.

[Misterjade9]

Errol, what sectors are these jobs being created in? I don't see many new jobs in the wealth creating category ie. Ag, mining, resources, construction, manufacturing are all these jobs low paying service sector and public sector jobs?

[errolanderson]

Errol, what sectors are these jobs being created in? I don't see many new jobs in the wealth creating category ie. Ag, mining, resources, construction, manufacturing are all these jobs low paying service sector and public sector jobs?

Have to take the amazing Cdn jobs report with a grain-of-salt. Part-time jobs were more than doubled. Banking jobs up amazing 25,000 at a time consumer lending is tightening. Really? But Canada’s growth is chugging along at around 2 to 2.25 percent.

Lot of talk now of a BOC rate hike soon due to this number. Don’t count on it. Cdn economy is in for some headwinds in 2018. View this report as highly skewed . . . .

[grassfarmer]

Tired of all the winning yet? lol

[Rareearth]

Errol if CDN $ is tied to price of oil expect it to go down.

It’s cheaper and easier than ever to produce oil, and natural gas. Fracking is easier and better than ever, horizontal drilling, exploration, etc. Company costs are way down, cost per barrel way down,

Trump isn’t going to import oil any more, he is going to be full out oil drilling and self sufficiency, ( they buy lots from Canada) drilling in the US gulf, Alaska and the Arctic, usa protected reserves, etc

And we will have carbon tax ☹️

[errolanderson]

Errol if CDN $ is tied to price of oil expect it to go down.

It’s cheaper and easier than ever to produce oil, and natural gas. Fracking is easier and better than ever, horizontal drilling, exploration, etc. Company costs are way down, cost per barrel way down,

Trump isn’t going to import oil any more, he is going to be full out oil drilling and self sufficiency, ( they buy lots from Canada) drilling in the US gulf, Alaska and the Arctic, usa protected reserves, etc

And we will have carbon tax ☹️

Personally feel the U.S. dollar is in for some rough waters through 2018. The U.S. is at-risk of falling into recession despite a record-breaking stock market. Quite an economic irony. But the astronomical U.S. debt is insurmountable and will cost growth for the next generation.

And the Fed wants to hike rates 4X in 2018 while beginning to unwind their $4.5 trillion balance sheet (sell bonds) at the same time? In my opinion, 'not a hope-in-hell'. The U.S. economy is in no state to handle the training wheels coming off this fast. A wrong move by the Fed could quickly spark a recession. And the next recession could be a dandy as the Federal Reserve has now run out of economic life jackets.

Global oil is priced in U.S. dollars. A weakening USD supports oil prices. Realize the economic hurdles in Canada, but investment money is now flowing out of the U.S. and away from the USD (IMO). The loonie may get support by accident from international investment osmosis (if that makes any sense).

It's truly a crazy economic world out there . . . .

[bucket]

Won't they just switch to crypto currencies and the crisis will be averted?


My sides hurt too from laughing so hard.

[macdon02]

If crude holds 62.6 Friday we ratchet to the next level. Starting to wonder if .91 CAD is a possibility. Timing showing April next major turn if higher here on CAD.