[RBerkley]

HOWEVER TO NOTE IMPORTANT !

If the Bank of Canada cuts rates to serve the indebted serfs of the overpriced real estate market in Vancouver and Toronto in 2017, the Canadian dollar will go below the 70 cent range for sure. This will NOT impact global oil prices, but it will inflate the cost of gas and oil in Canada because I think that global oil is priced in US$).

Again, I’m not giving investment advice, but this “algorithm” I designed since 2015 during Roosh V outrage (when $CDN was at 75 cents) helped me to profit off selling my US$ to C$,in January 2016 when Canadian dollar was at 68.3 cents, BUT OIL WAS AT $26 a barrel, and now oil is at around 45$ up).

IMO, low oil prices at US$45-70 range is OK for both traveling and Canadian dollar, but that interest rate stuff and Trump’s policies on investing more in the USA create some mystery with the value of the US$ in the future.

I’m also noticing that Alberta oil economy is one of the major factors in valuing the Canadian dollar. I believe that without Alberta oil economy, the Canadian dollar will be as low as 60 cents peso.
It would be great to hear some oil worker from Alberta to share their views on if they want a 80 cent Dollar or a 60 cent peso.

Most of the news articles in Toronto and Ottawa insist that a low Canadian dollar is “good for manufacturing”, but I believe that a 85 cent Canada dollar is OK, but anything lower just makes it harder for everyone else; especially Canadian guys who want to travel abroad where almost everything will be priced in United States equivalent.

It’s not that bad for the Canadian C$ to move with the price of oil, but that interest rate cut shit gonna do some real-time devaluation of that currency, and it’s all because of the government wanting to prevent a mortgage crisis in only a few major cities in Canada. I guess that’s another reason why Alberta people want to separate from Canada and especially Ontario.

I'm NOT GIVING investment advice from this post. Always consult with a registered FINTRAC-compliant financial advisor before making any investment. I'm just a 20-something Caribbean guy who just wanna get laid LoL.

[komatiite]

RBerk I am no macro economist but if there is a low Canadian dollar than the oil industry benefits. All Canadian oil is sold to the US. So if the Canadian dollar is .75 of the USD at $45 oil then the oil company that produced that barrel gets closer to $60 CAD for the Barrell.

This assumes an oil gravity of 40API, you will get less for heavy Oil Sands or Lloydminster type oil.

[RBerkley]

(11-27-2016 12:30 PM)komatiite Wrote:  

RBerk I am no macro economist but if there is a low Canadian dollar than the oil industry benefits. All Canadian oil is sold to the US. So if the Canadian dollar is .75 of the USD at $45 oil then the oil company that produced that barrel gets closer to $60 CAD for the Barrell.

This assumes an oil gravity of 40API, you will get less for heavy Oil Sands or Lloydminster type oil.

True dat, but when the Bank of Canada purposely lowers the Canadian Dollar to "boost manufacturing", then it gets more tricky because a majority of equipment and machinery used in the oil industry are priced in US$, making it more expensive.

This guy, Alberta separatist Doug Christie professionally discusses the difference between Alberta economy and Ontario economy, and it would appear that Ontario wants a very low Canadian dollar for their economy:

Most Canadian Red Pillers on here would prefer a balance at least.

For the Canadian dollar to reach below 65 cents in the name of "boost manufacturing in Ontario" while Lesbian Feminazi Kathleen Wynne is implementing legsilation which makes basic business expenses skyrocket to the roof (thus negating any benefits of a low Canadian dollar), then it doesn't help anyone except the bureaucrats who can now erode the savings of Canadians while taxing everyone more.

I've heard that Ontario is one of the most expensive places to start a business these days, even with the 74 cent Canadian Peso.

There are even conspiracies which accuse the government of implementing ways to make it more difficult for people to leave Ontario or even their own city, because even when the Canadian dollar was at 72 cents last year, food prices, hydro prices and transit fares were increasing more than the "inflation rate of 1.5%.

Alberta should separate from Ontario federal trap, and these holier-than-thou champagne socialist pricks from the Greater Toronto Area can enjoy their lower than 60 cent peso and crumbling infrastructure. Theroetically, if Quebec was to separate from federal Canada, their currency would probably be valued around 30 or 40 cents to the US$, unless Quebec adopts the Euro under some strange deal with France.

It's Alberta oil economy boosting Canada currency. I would shudder to think what the Canadian dollar would be valued if it weren't for Alberta, Saskatchewan and B.C.

Unfortunately, the sheeple think that only one city in Ontario is the main economic driver of the Canadian economy.

If Alberta were to become their own country today, at least 95% of the head offices in Toronto and Montreal would immediately purchase or lease land near the Alberta-US border. They don't have that many Slutwalks or Gay pride in Fort Mac these days.

There will come a day when Alberta will definitely create a referendum to separate from Canada, because of the highway robbery from bureaucrats in Ontario.

[komatiite]

Good point on purchasing equipment -- that must make it a wash then? Scotian do you have an idea on if AB benefits more from a weak or strong dollar? It's sort of hard to pinpoint because a strong dollar will almost always correlate to high oil prices which benefits AB -- so in that event, AB benefits too. In RBerkley's interest rate scenario, if the dollar collapses combined with high oil prices, would that be the idea scenario for AB?

[RBerkley]

^ That scenario of a dollar collapse and high oil prices would get Scotian on here complaining about expensive airfare and hotel rooms for his Cuban vacation.

Alberta is already near the USA in any case, so most likely the USA would purchase Canadian oil as a preference.

It's just that Rachel Notley and her cronies from Ontario are imposing legislation which will affect the profits of the tar sands company v.i.a. "Carbon Tax" and other leftie bullcrap.

In any case, the Canadian dollar moves in tandem with oil prices, and knowing for sure that "Obama" isn't going to set oil prices to $26.50/bbl values like in early 2016, many Toronto Red Pillers gonna breathe a sigh of relief that their dollar isn't going to go below 70 cents again.

BUT

Interest rate differential and the risk of a real estate crisis in Canada will depreciate the C$ regardless of oil prices, making oil and international travel more expensive.

Complicated stuff, but at least Toronto Red Pillers especially should know how to stretch their Canadian Peso. Mexico currency is similarly cheaper, but airfare and hotel rates are mostly set in US$.

[scotian]

As of this morning $1 CDN= 2360 Colombian Pesos, when I first went down there in 2012 and tge CDN and USD were at par, the Colombian Peso was at 1700. This is the only exchange rate I care about, the Canadian dollar is quite a bit stronger than the peso these days so I'm all good, I arrive there mid next month. Oil is Colombia's #1 export, hence the shitty peso.

[Nater]

Hello guys,

How is the economy in Alberta and especially Calgary?

I know that the province was really hit by the oil prices but how bad is it. If anyone could give some insights it would be great, I am thinking about moving from the East and the beautiful province of Quebec to Calgary at the end of my bachelor degree. I will be graduating with a degree in business and I want hopefully to find a job in sales.

I am thinking about moving first then start applying for jobs there. I know that this is not the recommended way to do it but I know myself and if I don't do it like this I will never find a job nor move.

How hard do you think it will be to find a job?

[musashi]

Calgary is not doing the greatest but it is slowly getting better. Rents and have gone done here so you won't have an issue finding a place. That being said you shouldn't have a hard time finding a sales job in my opinion if you look in the right places

[Surreyman]

(12-01-2016 06:30 PM)Nater Wrote:  

Hello guys,

How is the economy in Alberta and especially Calgary?

I know that the province was really hit by the oil prices but how bad is it. If anyone could give some insights it would be great, I am thinking about moving from the East and the beautiful province of Quebec to Calgary at the end of my bachelor degree. I will be graduating with a degree in business and I want hopefully to find a job in sales.

I am thinking about moving first then start applying for jobs there. I know that this is not the recommended way to do it but I know myself and if I don't do it like this I will never find a job nor move.

How hard do you think it will be to find a job?

I'm a new Canadian, could you tell me what it is about Quebec you don't like? Sorry if I'm jamming the Canada thread up with newbie questions.

[jj90]

@Nater: Do it. Move. You can try applying for Alberta jobs being out of province but you will find that the response rate to your applications will be much much lower than with a local phone number.

[scotian]

If you are moving just to experience a new city and see what the west is like then go for it. Calgary is a nice city and close to the mountains so if you're into hiking, skiing and other alpine activites then you'll really enjoy. That being said, its fallen on very hard times since the oil bust and the market is very competitive across the board so don't expect to find a really high paying job. Its too bad, I lived in Calgary in 2007/2008 at the height of the boom (moved to Edmonton after the crash) and that city was rocking!

[scotian]

Canada is in the shitter across the country, I don't think that we're technically in a recession yet but our country was carried over the past fifteen years by the resource based provinces. Now that oil and other commodities are down places like Ab, Sask and to a lesser extent Nfld are really hurting. There are however pockets of activity out there and if you're willing to move then you'll find something. Vancouver is leading the country in economic activity and its consistently rated one of the most desirable places to live in the world. As such the rents are through the roof but its doable, especially if you're young and willing to live with roommates.

[scotian]

Surprisingly the #2 strongest economy in the country is my home city of Halifax, the city has completely changed since I left in 2006 with condos and commercial buildings going up all over the downtown core, I've never seen so many cranes up in the city. The port of Halifax is the fastest growing in North America (after a conversion to receive post-Panamex ships) and the federal government's 30 year ship building program is in full swing. I came home for a visit and decided to stay and once I started looking for work I found a job within two days on an offshore rig. The wages here are lower than in the west but the cost of housing is also a lot lower, especially houses as the boomers are moving into condos. http://www.cbc.ca/news/canada/nova-scoti...-1.3814070

[Laner]

(12-02-2016 09:59 PM)Surreyman Wrote:  

(12-01-2016 06:30 PM)Nater Wrote:  

Hello guys,

How is the economy in Alberta and especially Calgary?

I know that the province was really hit by the oil prices but how bad is it. If anyone could give some insights it would be great, I am thinking about moving from the East and the beautiful province of Quebec to Calgary at the end of my bachelor degree. I will be graduating with a degree in business and I want hopefully to find a job in sales.

I am thinking about moving first then start applying for jobs there. I know that this is not the recommended way to do it but I know myself and if I don't do it like this I will never find a job nor move.

How hard do you think it will be to find a job?

I'm a new Canadian, could you tell me what it is about Quebec you don't like? Sorry if I'm jamming the Canada thread up with newbie questions.

Where are you at in Canada? New Canadians get lots of options and help here in Vancouver, the infrastructure for immigration is unreal.

(12-03-2016 07:59 AM)scotian Wrote:  

Canada is in the shitter across the country, I don't think that we're technically in a recession yet but our country was carried over the past fifteen years by the resource based provinces. Now that oil and other commodities are down places like Ab, Sask and to a lesser extent Nfld are really hurting. There are however pockets of activity out there and if you're willing to move then you'll find something. Vancouver is leading the country in economic activity and its consistently rated one of the most desirable places to live in the world. As such the rents are through the roof but its doable, especially if you're young and willing to live with roommates.

Vancouver is in the death throes of coming to terms with reality. Our own mayor is starting to try and sabotage the economy here.

The reality is that the economy is trying to float tech companies that have a very hard time making real money. The companies that do make money, are being pushed further out to the fringes of the metro area. Trades are still doing very well here, and the shortage of skilled workers will start to hurt some of these big projects soon. The good news is that trade schools are filled to bursting with young guys eager to make money.

For the first time ever in Vancouver, many of my neighbors are trades people. I have been pushing this for a very long time among my young students, and its great to see it finally paying off. These kids look happy and live in one of the best parts of the city, a complete 180 from their school peers who are wither students or are working non skilled service jobs.

Kinder Morgan will be a big bump here too.

Any thoughts on the refinery in Burnaby getting some upgrades?

[Cattle Rustler]

Fuck it, I'll find a loophole to get a visa and move there or just wetback it (mountainback in this case). Arrive and pitch up a tent in Laner's backyard, .......in BC of course, I'd die in the Yukon. The Yukon and NT looks pretty bad ass though.

[scotian]

Cattle rustler just come up on your Mexican passport and claim refugee status and you'll be fine, you'd better do this sooner than later though. Laner, I think they may have already expanded the Chevron refinery in Burnaby, I remember some of the Van guys saying that when I worked in BC earlier this year, I could be wrong though. I really hope BC's economy booms soon, I love working there in the land of double time and no piss tests!

[jj90]

They are not upgrading the refinery in Burnaby. Buddy of mine is demo'ing the silos there. Quick google search shows that the refinery is up for sale.

We actually have a decent amount of Texans here or passing thru. Why? Beats the fuck outta me. I can't see why anyone Stateside would go here over Seattle, except for the 30% discount. Ironically, I think Houston is the shit. I had a blast there and the city has a real economy.

The problem with Vancouver is that it tries to be an international cosmopolitan city without having the requisite tax base in order to do so. By virtue of being the transit point into Canada from the West Coast, it attracts a lot of money. But that money isn't terribly interested in developing large companies and building up the local population as a tax base, they keep it internally among the right social/ethnic circles. Meanwhile, the local populace and government who have been entranced with the international cosmopolitan standards and the environmental first approach to things kills the real projects with potential to uplift Vancouver into having a real economy.

So you have a tale of 2 cities: Those that have in Vancouver and those that have not. Those in occupations doing well such as tech, RE, trades can afford to take advantage of living in the city. Those working the stereotypically Starbucks barista jobs, not so much. Come to think about it, the biggest economy in Vancouver is logistics. The moving of capital, human and physical. Most of the out of towners that come don't stick around for the long term.

The biggest obstacle to Vancouver is....the local populace. Who else would vote and puts people in government to enact such policies? 1 thing I notice about people from the States is the undying drive to get better in all aspects, primarily financially. The locals here are more then content to make 30-40K a year, sip their latte at English Beach, and bitch about housing prices rather then uplift themselves. Anyone dissenting is slapped with the label of Un-Canadian.

That mentality is dangerous. It cries mediocrity is superiority.

[Laner]

(12-03-2016 04:31 PM)Cattle Rustler Wrote:  

Fuck it, I'll find a loophole to get a visa and move there or just wetback it (mountainback in this case). Arrive and pitch up a tent in Laner's backyard, .......in BC of course, I'd die in the Yukon. The Yukon and NT looks pretty bad ass though.

Our hippy libtard mayor wants to make Vancouver a 'sanctuary city' so just walk across the border. Done. Three years to citizenship and tied to what appears to be a sinking ship.

(12-04-2016 01:52 AM)jj90 Wrote:  

They are not upgrading the refinery in Burnaby. Buddy of mine is demo'ing the silos there. Quick google search shows that the refinery is up for sale.

We actually have a decent amount of Texans here or passing thru. Why? Beats the fuck outta me. I can't see why anyone Stateside would go here over Seattle, except for the 30% discount. Ironically, I think Houston is the shit. I had a blast there and the city has a real economy.

The problem with Vancouver is that it tries to be an international cosmopolitan city without having the requisite tax base in order to do so. By virtue of being the transit point into Canada from the West Coast, it attracts a lot of money. But that money isn't terribly interested in developing large companies and building up the local population as a tax base, they keep it internally among the right social/ethnic circles. Meanwhile, the local populace and government who have been entranced with the international cosmopolitan standards and the environmental first approach to things kills the real projects with potential to uplift Vancouver into having a real economy.

So you have a tale of 2 cities: Those that have in Vancouver and those that have not. Those in occupations doing well such as tech, RE, trades can afford to take advantage of living in the city. Those working the stereotypically Starbucks barista jobs, not so much. Come to think about it, the biggest economy in Vancouver is logistics. The moving of capital, human and physical. Most of the out of towners that come don't stick around for the long term.

The biggest obstacle to Vancouver is....the local populace. Who else would vote and puts people in government to enact such policies? 1 thing I notice about people from the States is the undying drive to get better in all aspects, primarily financially. The locals here are more then content to make 30-40K a year, sip their latte at English Beach, and bitch about housing prices rather then uplift themselves. Anyone dissenting is slapped with the label of Un-Canadian.

That mentality is dangerous. It cries mediocrity is superiority.

Spot on.

Really fucking disappointed to hear that our one opportunity to add some value to our oil is getting demo'd. Being for sale might be a good thing tho, a company like Encana might make good use of that since its going to be a lot of their heavy oil making its way out here.

But why the hell would they not improve the oil in Alberta?!! The insanity in that province is going so far that Alberta will end up electing whoever looks like they are the absolute opposite voice of the NDP. I truly think the NDP will be run out of Alberta (except the university areas) forever.

SK is doing great, Alberta will rebound and if the NDP in BC keeps going full turbo retard the west just might stand a chance at weathering the Grits.

[scotian]

They are building a refinery in Redwater, north of Edmonton they are still sending the vast majority of unrefined diluted bitumen to US refineries which have been refitted to refine heavy Canadian oil. Yes its pretty stupid but refining margins are too low and things like labour costs too high to justify us refining itvall, well that's what the oil companies say, they surely wouldn't lie! Good article on pipelines to BC, the author telling Vancouver to fuck off haha: https://www.theglobeandmail.com/opinion/...ent=safari

[scotian]

Do any of you guys on here have intel about the Kitchener/Waterloo area of Ontario? There's a couple of companies based there that I could potentially work for, both do a lot of nuke work and other stuff in eastern Canada. Its closer to home and Toronto is still a pretty cool city despite the cunty women. Any info on housing prices and rents? Are the women as terrible as Tdot?

[rudebwoy]

KW is a good spot to live and work.

I have looked at investment properties there, rent to students at the local universities.

I am sure the prices will be dirt cheap in comparison what you pay for out in Alberta.

The women are nothing like Toronto women, I know many guys who party out there and it is a different world.

Meeting girls from the 519, is always refreshing.

Between London and Guelph is generally good hunting ground. You can extend it to Windsor as well.

[Surreyman]

(12-03-2016 04:15 PM)Laner Wrote:  

(12-02-2016 09:59 PM)Surreyman Wrote:  

(12-01-2016 06:30 PM)Nater Wrote:  

Hello guys,

How is the economy in Alberta and especially Calgary?

I know that the province was really hit by the oil prices but how bad is it. If anyone could give some insights it would be great, I am thinking about moving from the East and the beautiful province of Quebec to Calgary at the end of my bachelor degree. I will be graduating with a degree in business and I want hopefully to find a job in sales.

I am thinking about moving first then start applying for jobs there. I know that this is not the recommended way to do it but I know myself and if I don't do it like this I will never find a job nor move.

How hard do you think it will be to find a job?

I'm a new Canadian, could you tell me what it is about Quebec you don't like? Sorry if I'm jamming the Canada thread up with newbie questions.

Where are you at in Canada? New Canadians get lots of options and help here in Vancouver, the infrastructure for immigration is unreal.

I will be taking advantage of some good mortgage rates in the near future.

I'm in Etobicoke, it's the normal part of Toronto halfway to Mississauga. Although once Downtown women realise I'm British, their bitchiness just fades away.

[TooFineAPoint]

Don't forget when you come to Ontario from Alberta that you effectively enter an Iron Curtain pertaining to a lot of products (alcohol is the best example).

It is very undignified to have to work with the products that the LCBO allows, and only shop during the shitty commie LCBO hours.

But I guess it's cheaper. Until you tack on the provincial sales tax.

[Nater]

(12-05-2016 09:13 PM)Surreyman Wrote:  

I'm a new Canadian, could you tell me what it is about Quebec you don't like? Sorry if I'm jamming the Canada thread up with newbie questions.

I am not moving out because I don't like Quebec but rather because I want to experience a new city. All my time in Canada was spent here and I really enjoyed it but it's time for me to move out and be independent.

If you have specific questions about Quebec and Montreal I would be more than happy to answer them.

The common complaints I hear about Quebec are all related to the weather, the French requirement, the higher taxes and feminism. I believe Roosh had a problem when he came here.

As for the economy, it's stagnant in Quebec just like the rest of Canada. There is some laying off going on in here, Mondelez just announced that it was closing its facility yesterday but it's not going to have any effect in the economy. Bombardier is constantly laying off people and this is a big concern for the province.

[RBerkley]

Another update on this thread.

President Donald Trump will officially become President within over a week. Pay attention to the commodity prices such as oil.

If oil rises, CAD rises.
If Trump "shreds" NAFTA, CAD can be in compromise.
If US FEDRESERVE increases interest rates again this Quarter 2017, CAD goes down.

While house prices in Vancouver are not as inflationary because of the 15% foreign buyer tax, the Greater Toronto region house market is increasing in price. Whether or not that is a Bubble is up for expert economists to forward their opinion.

It is common knowledge that the average Canadian owes close to $1.70 per $1.00 earned (170%).

It is my "not for investment purpose" Prediction that the CAD will value $0.75-0.77 this quarter, but if SHTF in the Canada housing market, or if NAFTA is compromised, expect a 0.73 or lower Loonie.

The lowest I am Bearish on the Loonie for the first six months of 2017 is $0.70 USD.
The Bullish value on the Loonie for the first six months of 2017 is $0.79 USD.
Neutral value on Loonie is $0.755 to $0.765.