Nah minuscule rate cuts only drive up loonie volatility towards upside, it was also done at the right time right after summer job data and cuts before students getting back to school, even if fed don’t do anything the million surplus of immigrants(I bet some people have issues with that, but what’s more wrong is using this Canadian financial system to torture citizens and new arrivals. Anybody really well off?) Anyways, surplus of purchase requires people using money would have drive up loonie regardless, the whole loonie thing have something to do with lack of direct foreign financial investments. Don’t forget U.S stock market is 55 trillion usd in market cap and still growing, America GDP is merely 27 trillion. 1 Microsoft is equivalent to entire Canadas stock market every single company registered publicly for trading in Canada is equivalent to 1 Microsoft. 1 company. So put that into prospective, with A.I boom U.S. stocks risen 40% in one and a half years. From 35 trillion to 50 trillion? Sort of like that. Why are they so strong? Because most of Canadians with saving sell out loonie to get US dollar for U.S. stocks. Most people mislead by news getting brain washed into thinking what government wants it to think, every one of you brainwashed. How you get loonie up? Easy, 2-3 trillion should do the job. Should be good for 5 years or so. Investment investment investment. How we get investment when BNN Bloomberg only cares about oil, such an outdated stuff no wonder investments leave, where’s Tesla plants?
Yes, trade tensions is the reason why the CAD is devaluing. Not the aggressive rate cuts by the BoC lol
Nah minuscule rate cuts only drive up loonie volatility towards upside, it was also done at the right time right after summer job data and cuts before students getting back to school, even if fed don’t do anything the million surplus of immigrants(I bet some people have issues with that, but what’s more wrong is using this Canadian financial system to torture citizens and new arrivals. Anybody really well off?)
Anyways, surplus of purchase requires people using money would have drive up loonie regardless, the whole loonie thing have something to do with lack of direct foreign financial investments.
Don’t forget U.S stock market is 55 trillion usd in market cap and still growing, America GDP is merely 27 trillion. 1 Microsoft is equivalent to entire Canadas stock market every single company registered publicly for trading in Canada is equivalent to 1 Microsoft. 1 company.
So put that into prospective, with A.I boom U.S. stocks risen 40% in one and a half years. From 35 trillion to 50 trillion? Sort of like that.
Why are they so strong? Because most of Canadians with saving sell out loonie to get US dollar for U.S. stocks. Most people mislead by news getting brain washed into thinking what government wants it to think, every one of you brainwashed.
How you get loonie up? Easy, 2-3 trillion should do the job. Should be good for 5 years or so.
Investment investment investment. How we get investment when BNN Bloomberg only cares about oil, such an outdated stuff no wonder investments leave, where’s Tesla plants?
Already at March 2020 levels ($0.71).
IT WILL DIP more. Count on it.
Hard to take an economy seriously when it's called loonie
Trudeau impacting loonie.
"Daddy's Home" 😂....... USA 🇺🇸 ❤