2mo ago

Loonie ‘actually strengthening’ amid unusual market moves: FX strategist

www.ctvnews.ca

Take that, America.

Never underestimate the strength of Canadian resolve in the face of enemy action.

41 comments

I think this is misleading. The exchange from with most currencies with CAD look stable.
The US dollar is dropping against basically everything and is how the administration knows they are winning.
Check out this sexy 30 year Treasury rate. The best in 18 years!
https://www.msn.com/en-us/money/markets/30-year-us-treasury-yield-nears-18-year-high-as-trump-tax-bill-triggers-global-bond-selloff/ar-AA1FiOKw
Take that losers!
- Spin doctors are paid to make even the most dismal of outlooks look fantastic.
  High interest rates only make the treasury more insolvent - they have to pay out the higher rates, through higher taxes, eventually.
  
  This article is an example of the exact opposite, though. It's a Canadian news organisation spinning doom and gloom about Canada for clicks.
- Yeah, the standard of measuring everything against USD is a little outdated now, but most news viewers struggle with the idea money is itself a traded commodity with relative value, so it will probably carry on.
  
  It's going to be an interesting time. What's the point in holding currency in an isolationist state? What can you trade it for? And while China is in a position to take over as the global currency, that would require relaxing the reins on their currency, which I don't think they're ready to do. A good part of what makes an international currency useful is trust in the currency. America doesn't have much left to lose, and China still needs more to be in that position. If the EU played it right, they could slip into that role, but I don't know if they're in a position or have the interest to do it, either. Gold standard, anyone?
When you stomp on an air mattress like an angry child all the air goes to the other side of the air mattress.
Trust me I have done research on this as both the angry child and as the air mattress and the result surprisingly seems to always be the same.
- Sometimes it is very difficult to tell the difference between human-generated and chatbot-generated responses.
  
  Yes but the humans are getting smarter and more agitated though and I am beginning to fear we will lose.
Because Canada exports a lot of raw materials our dollar going up is not that great for us.
- At the same time we import a lot of manufactured goods so too low isn't good either.
- If you're three corporation in a trench coat maybe.
  TFW and mass immigration are also really good for corporations, you could say the same thing about that as it destroys the middle class.
  
  Chatbots tend to have a one-track discourse. Talking points strung on other talking points.
- Depends if you get your income locally or from said exports. A strong loonie means all your crap from China will get cheaper (although what's actually going on here is a weak greenback).
  
  Which is fine by me, based purely on how long a lettuce will last against Trump who is purposely tanking global markets through sheer hubris (a la Liz Truss)
Ahhh, I see most of the posts herein are showing the Americans a warm welcome. A really warm welcome. As in 'hope you fry in Hell' warmth.

41 comments