I think we are going to find markets for our resources. And I think the USA won't have much choice on others.
It's the auto sector that will hurt.
Canada's latest job numbers show a loss of 33,000 jobs in March
- Thread starter DesRicardo
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It's the auto sector that will hurt.
Yes but the builders in the USA say its not gonna really change anything. My sense is that Canada has been pricing our lumber too low so the US complaint is probably somewhat valid. They can't get the volume of lumber in that spec in the USA so they will pay it.
Its hard to know really. The Trump admin is so incompetent that the auto industry has not been told how they will implement the tariffs. Parts tariffs are delayed a month no clarity on how multiple border crossings will be tariffed etc. So the industry might shut down completely in a month. If that shuts down, will Trump keep his nerve?
If Biden fucked up anywhere near this bad he would be forced to resign already. Your orange God can do no wrong in your blind eyes. So pathetic but not surprising. Its almost being comprehension how you people seem to accept losing 9.6 trillion fucking dollars sin under 100 days as sound and good policy. But you people also elected a convicted felon rapist who lost 8m6 trillion dollars during his last term
Losing 5% isn't bad ? Wow you aren't too bright. Typical uneducated MAGAtMAGAtq
Stupid is as stupid says. Sp Biden gained so much that it's ok for Trump to fuck it all up and wipe it out. Are you really that challenged ?
When exactly did Canada start to being in a "recession"?
The last time I was aware of Canada being in a real recession was during the Harper decade, until he left office!!
No doubt that we will hit a recession, thanks in whole due to the Tariff-Freak Trump, who is plunging not only our nation but the rest of the Globe into it!!
Canada is talking about Potash.
Good luck with that one.
how expensive will your coffee be next month?
Where did I saw it's ok? Post the quote.
But I predicted a correction. So did Wall St. You think Buffet had such a big cash amount sitting around for no reason?
Trump absolutely was the catalyst. Completely. And no doubt he is going to make it worse than it should have been.
In case you haven't been paying attention I have been saying for a decade it's going to get worse. Worldwide. That events and people with cause a nasty recession that will lead to increased instability in the world. That the Western Leo-Liberal concensus coupled with corruption, corporate greed, bad actors, foreign dictators, and what turned out to be a pandemic, numerous migrant crisis in Africa, Europe and South America will put the world on a downward spiral.
Geez, guess what happened?
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Last time officially was 2020.
A History of Financial Crises in Canada
Throughout history, financial markets experienced numerous ups and downs, trials and tribulations. It would be wonderful if we never had to witness or
wealthmanagementcanada.com
However the definitions are fluid. Our growth compared to the top nation which we are supposed to be a part of has been shitty.
Trudeaus policies have held us back from where we should be. Having pipelines alone to the coasts would have greatly increased our output ability to weather Trump. He stayed all in with the USA instead of diversification after Trump's first term.
And it's why we forced him to resign. In disgrace.
Now Trump is back, and he didn't prepare the nation for tough times. We can't control what the USA does, but we can control what we do. 10 years in power, and here we are. The Liberals own that. To say otherwise is ridiculous.
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FYI Lutnik owns 1B of MSTR, I wonder if he is crashing BTC so MSTR can pick it up at a discount.
Oh lordy.Last time officially was 2020.
.A History of Financial Crises in Canada
Throughout history, financial markets experienced numerous ups and downs, trials and tribulations. It would be wonderful if we never had to witness or
However the definitions are fluid. Our growth compared to the top nation which we are supposed to be a part of has been shitty.
Trudeaus policies have held us back from where we should be. Having pipelines alone to the coasts would have greatly increased our output ability to weather Trump. He stayed all in with the USA instead of diversification after Trump's first term.
And it's why we forced him to resign. In disgrace.
Now Trump is back, and he didn't prepare the nation for tough times. We can't control what the USA does, but we can control what we do. 10 years in power, and here we are. The Liberals own that. To say otherwise is ridiculous.
Trudeau left Canada's economy in good shape.
You've back trump as the disrupter here who would destroy the US so it can be rebuilt for years.
This is what you've been arguing here for years.
This might be a bit of an overstatement. Canada's competitive advantage is natural resources. Demand for natural resources is rarely hindered by trade barriers. (There are of course exceptions like sanctions.) There's a relatively free trading market globally for natural resources already. Someone like China was always willing to buy Canadian energy and natural resources.
Now if you are saying Canadian political parties will all be more supportive of energy and other commodity exports and projects to support such that's a different point.
Let's take something like soybeans. There can be a short-term shift and Canada will likely benefit. Structurally though, commodities are rather fungible. In other words, over the long-run the market will determine a clearing price for the global supply of soybeans.
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I asked you a fairly obvious question about how the U.S, should deal with its enormous trade deficit. You countered with the usual crutch the orange man rant.
Capital flows are far more important to currency markets.
Recent Dollar weakness against safe haven currencies like Swiss Franc and in this case perhaps the Euro likely give the Canadian dollar some cross-currency benefit.
In reality, I think the U.S.' importance in providing stimulative global demand and offsetting chronic trade surplus countries makes it hard to hide in a currency. Thus, the Swiss Franc is always the best bet.
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We already are 4th in soybean exports. Not sure if we have capacity for more. I'm thinking about LNG and oil. And we need to develop our rare earth production. As well find new markets for lumber.
I would like to see refineries built.
Refineries have a 30 year payback so its not likely to happen. Much better to invest in petro chemicals. If we export too much LNG, then NG prices will start to climb in Canada and out economic advantage of low cost energy will cause pressures in other parts of our economy.
You essentially want Canada to unleash its energy sector. That's what I was saying. That opportunity was and is always there. It really has nothing directly to do with the recent tariffs other than it could be the impetus for policy changes.
I'm sure you are also aware a lot of people, not necessarily a majority, despise refineries. They want to regulate the shit out of them so that no one wants to build them or ban new refineries outright. And if you dare build a refinery under one regime, the next one might regulate you into oblivion.
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Its not easy to raise capital for new refineries. The reason we have no west to east pipeline and so many refineries closed is because of Alberta. They are the ones that killed the NEP because they did not want to sell oil to eastern Canada at a discount. Instead they are now selling it to the USA at a discount and get no protection from the boom bust cycle of oil. The world is looking at China as the future model of transportation, and Chinas oil consumption growth has essentially stalled as a result of vehicle electrification. That will happen in Canada, without a doubt. The pace of EV development is staggering. WIth 1MW charging already demonstrated in China, there is no reason at all to not drive an EV.
