Canadian Dollar falls to an 11 year low!

Stupid statements, like the one above, are what undermines your credibility here.

www.huffingtonpost.ca/craig-and-marc-kie...cling_b_5452730.html

Something's rotten in the port of Manila -- and the stench is 100 per cent "Made in Canada
                             

hahaha : The thread is an idiotic uninformed/ ill informed thread from the opening post 

I am waiting on Chairman bringing up some thread

so I will kicks here while I wait ..

You need to learn to write...your sentence construction is awkward.

My opening post is factual. The Canadian dollar is tanking and there is no sugar coating that. The Canadians would have been pissing in the wind if it wasn't for the US. Now smoke that, inhale slowly, and reel again.

You continue Inhaling .

Learn economic theory 101 on value of dollar vis a vis Export market.

Oil may be in the Tank BUT USA gluttonous consumption makes up in volume ...

understand the economics of  volume vis a vie discounted prices


one of these days you will Grow up  :-*

Yes... I do hope so but in the mean time I will keep schooling you. Volume in relation o price will only increase if there is elasticity in demand. Currently there is a glut in oil.....repeat GLUT in oil production. OPEC is pissing in the wind. So if you were to make the oil any cheaper US will still not buy any more...the oil market is saturated, hence the oil prices keep dropping. EDW.

But again, you know everything...you even know what you don't know.

econs 101 ;: gluttonous consumption from your Client overrides price .


FYI , the only one paying dirt cheap for oil is the ISIS supplied oil

Grow up , youth !

Wow...anyone ones to take a stab at this? No pun intended.

CANADA's economic engine stalling.

The collapse in oil prices has wreaked havoc on some regions of Canada, with a high likelihood that the nation suffered a technical recession in the first half of 2015.

But Steven Englander, Citibank’s global head of G-10 currency strategy, says that sluggish export growth outside the oil patch—and what’s been causing it—is an even bigger issue for the country.

Though the recent trade figures were encouraging, the U.S. dollar value of non-oil exports has moved virtually sideways for several years, Englander observed during an appearance on BloombergTV.

Englander pointed to a simple, structural story for Canada’s non-energy woes—the ascendance of Mexico in North American export markets.

The U.S. dollar value of Mexico’s non-oil exports recently exceeded those of Canada, which has been unable to surpass its prerecession peak. Note that there was previously a large gap between the two.

“CADMXN, the relationship between the Canadian dollar and Mexican dollar, is dead flat the last three years,” Englander explained. “So the Canadian dollar depreciation hasn’t gained them any competitive advantage, so they’re, you know, getting clocked, both oil and non-oil.”

The Canadian dollar effective exchange rate index has declined 13 percent over the past year, punctuated by a 16 percent drop against the U.S. dollar. But the loonie’s narrow range relative to the Mexican peso has muted the potential benefits of a lower currency, and its rival for U.S. demand has continued to grab market share.
“I think Mexico’s just a cheaper place to produce, and you have enough human capital and engineering skills to produce almost everything you can produce in Canada and do it a lot cheaper,” Englander added.

Canadian's better start minding their manners and say a big thank you to the good ole US. That is a start....but by now you know what to expect here.