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Originally posted by biglentil View PostCad fell off a cliff. Cpi targets are going to be tough to achieve without even more hikes. Central banksters laughing.
Deflation boogeyman just around the corner as always.
Right again. I predict 62c is in the near future. Right back to when we nearly defaulted in the 90s.
Seriously, let Trudeau win the election. Nobody will want to touch this smoking ruin after.
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This is a frickin mess . . . .
The U.S. Fed is now totally out-of-control and out-to-lunch. They are chasing the wrong rabbit. Inflation data is lag data and dropping quickly. The problem is the debt crisis, not inflation which the Fed doesn't seem to get the message. Asset prices are going to get crushed by these poor policies.
Bank of Canada has to be sweating it right now. They likely weren't going to hike rates tomorrow, now they may be forced to hike. Gong-show . . . .
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North American politics has exaggerated this situation this past few years with both Canada and US in full circus mode completely ignoring economic policy and focusing far too much on woke green policy dribble
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Originally posted by errolanderson View PostThis is a frickin mess . . . .
The U.S. Fed is now totally out-of-control and out-to-lunch. They are chasing the wrong rabbit. Inflation data is lag data and dropping quickly. The problem is the debt crisis, not inflation which the Fed doesn't seem to get the message. Asset prices are going to get crushed by these poor policies.
Bank of Canada has to be sweating it right now. They likely weren't going to hike rates tomorrow, now they may be forced to hike. Gong-show . . . .
If Canada doesn’t our $ falls more?
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Originally posted by Oliver88 View PostIf I understand the US is signalling an increase of another 0.5 points?
If Canada doesn’t our $ falls more?
It makes investment capital leave for other locations.
And worse of all retard trudeaus policies have decoupled oil from the loon.
Ol Tiff is going to have to choose between the currency or the housing market.
CIBC is out today calling for a loon at 60-62c.
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hummmm march wht 11.18 canola 18.87 today ( if you can even get a buyer )
I got truck parts coming from USA so I guess they won't be any cheaper.
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Originally posted by workboots View PostBold call by CIBC, I guess not outside the realm of possibility if we decide to decouple from US interest rate policy.
Please post link
The bank phoned me up yesterday and said congrats, you have been selected for an unsecured credit line. I asked at what rate, he said 9.5%. LOL. I said keep it.
Business banker I chatted with said the lending is drying up big time. Didnt say where or what sector, imagine its all around but mostly housing.Last edited by jazz; Mar 7, 2023, 21:55.
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Originally posted by jazz View PostYeah and I took a lot of sht and abuse from the usual suspects when I called a 6 handle on the loon.
Right again. I predict 62c is in the near future. Right back to when we nearly defaulted in the 90s.
Seriously, let Trudeau win the election. Nobody will want to touch this smoking ruin after.
The link you provided states 1.39.
Weren't you predicting the same fairy tale a couple of years ago, and within a couple of months after that the CDN$ did the exact opposite and gained ground against the US$?
Time for you to short the CDN$ again Jazz.Last edited by foragefarmer; Mar 8, 2023, 07:14.
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