The great debt crash

[foragefarmer]

Yeah 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.

[Old Cowzilla]

Won't we be popular with America cattlemen with a .62 $

[sumdumguy]

I overheard a conversation yesterday of some seniors wondering when their carbon tax cheque is coming. One piped up and said April 18 and all were excited. Hmmm

[ajl]

If I understand the US is signalling an increase of another 0.5 points?

If Canada doesn’t our $ falls more?

This. The loons drop just means the insiders know the bank of canuckistan is standing pat and letting inflation go while the Fed will rise at least 50 basis points. Stagflation: it was so much fun in the '70s. Ordered a new truck in mid Feb so have a locked in price. Hopefully it shows up soon.

[jazz]

BoC holds rates, buh bye northern peso.

Macklem has chosen the housing bubble and inflation over our currency and purchasing power.

Good luck. Trudeau can wear this.

Hot jobs numbers coming out of US too

https://edition.cnn.com/2023/03/08/economy/job-openings-layoffs-jolts-january

[Rareearth]

China soybean imports are near record highs ( prior to Covid), how can media suggest there is no demand when there is no export sales reporting?

[Old Cowzilla]

China soybean imports are near record highs ( prior to Covid), how can media suggest there is no demand when there is no export sales reporting?

Soybean contracts about $1.50 HIGHER for fall delivery than one year ago.

[Austrian Economics]

The Bank of Canada has to be careful about holding the line on interest rates if the Fed insists on further hikes. It won't take a massive spread to spark a run on the Canadian dollar.

[biglentil]

The Bank of Canada has to be careful about holding the line on interest rates if the Fed insists on further hikes. It won't take a massive spread to spark a run on the Canadian dollar.

Yes little potato is doing a great job of turning the CAD into a hot potato. #RottenPotatos

[shtferbrains]

The Bank of Canada has to be careful about holding the line on interest rates if the Fed insists on further hikes. It won't take a massive spread to spark a run on the Canadian dollar.

Can$ down 1 cent since mon morn for nearby on huge volumes.

The Aus$ chart looks much the same but ended the session +.

Probably lots of pump.

[errolanderson]

U.S. banks appear shaking. . . .

This is not good for equities or commodities. This is now impacting our world folks. Credit demand dries up and crisis intensifies.

Fed rate hikes may suddenly be off-the-board, in-a-flash. Management by crisis in-progress . . . .

[parsley]

Watching TV and they were asking a guy about what he thought of the rate hikes.

Guys says he was thinking of buying a new vehicle but the interest rates and the prices prevent him from doing it.

If too many people think that way , the auto sector will be back on life support ( if it ever left).

But why would any country want to push its economy into a recession???????

Vehicles are disposable and in need of replacement inside of 10 years , why slow that segment down?

Why kneecap the economy on purpose?????

Why? Trudeau has clearly stated he wants Canada to be the first national state. (State of the UN of course.). He wants Total communism.

One WHO✔️50%
One World FoodBank
One World Bank
One world currency
One world Govt
One world Court
One world internet
One world Law
One world ID system
One world storage system for seed stock not GM ✔️
UN ownership of land and natural resources
15 minute city Centres for ordinary Joe’s
One world guaranteed income.
World Massive Depopulation.
One world communication language
One transportation system.



But the PM has to break a sovereign nations back before he can make them comply and beg.