[RBerkley]

This thread should be opened for my fellow Canadian guys who want to save up their $$$$ to move abroad, or to locally know what is going on in Canada. This thread is about Canadian economy.

My first post in this will be to analyze the Canadian economy & its impact on the CAD for overseas travel.

Here are some of my tips regarding the Canadian economy, and how that affects your purchasing power abroad:

1) The Bank of Canada recently announced in the third week of October, 2016 that the growth for Canada is not as expected, thus elevated risk of interest rate cut which will devalue the Canadian dollar. Increasing interest rates by BoC will prop up Canadian dollar, but that is not expected until 2018 if the economy still lags in the way of the closing of Q3 stats retail sales of August 2016.

2) Oil supply glut for the past year. Oil prices reach a peak of 50$+, only to go down back to 45$+ levels because of excess oil inventory in the United States.Increase in oil prices above 60 US$ per barrel could increase value of Canadian dollar, but oil prices have only risen to approximately 53US$ before lurking around in the 50$ range again.

3) Take note that the Canadian dollar FX reached a low of 0.683 dollars as compared to the $1.00 United States greenback earlier this year. Oil prices were 27US$ to 35 US$ during that time.

4) If Donald Trump becomes POTUS, Canada economy will take a whacking if The Donald decides to bring back car manufacturing back to the United States. Ontario loses. If Hilary becomes POTUS, the American economy will be fucked, but the Canadian dollar will rise against the USD if the Federal Reserve doesn't raise interest rates by Q1 2017.

5) Prime Ministress Justine Trudeau promise to "stimulate" the Canadian economy in 2016, through deficit spending only appeared to make the champagne socialists & public sector workers richer, while everyone else becomes poorer due to the early 2016 currency inflation of a pre 70's dollarette.

6) When the Canadian dollar goes below 0.70 in value, other countries tend to purchase the CAD at a much lower rate such as 0.63-0.67 range in their currency equivalent.

7)For the past 1.5 years (2014-2016), the United States greenback is considered more valuable in certain overseas countries as compared to the Canadian dollar. eg-A hooker from certain Latin American countries would literally perform a BJ for a US10$ Bill, but show her a 10 Canadian dollar bill now, and she will be wondering if she will even get as much value when changed in her currency.

8) Housing bubble in Toronto & Vancouver. If the housing market declines in Canada, the CAD may go down with it.

These eight points will hopefully assist you Canadian guys in determining how to make use of the Canadian economy news to either short USD or Canadian dollars, or to research on ways to make your Canadian dollar stretch overseas by forecasting if the CAD will rise or fall in the future.

***This post is not investment advise. Consult with a qualified financial advisor in making financial decisions & investment.

[[email protected]]

(10-22-2016 05:07 PM)RBerkley Wrote:  

4) If Donald Trump becomes POTUS, Canada economy will take a whacking if The Donald decides to bring back car manufacturing back to the United States. Ontario loses. If Hilary becomes POTUS, the American economy will be fucked, but the Canadian dollar will rise against the USD if the Federal Reserve doesn't raise interest rates by Q1 2017.

Funny I never thought of that...Trump POTUS would definitely be punishing car companies with tariffs and they would probably leave. Seeing has how the US economy will be in the dumps either way (at least in the short-term) I can see CAD going up relative to USD after the election.

(10-22-2016 05:07 PM)RBerkley Wrote:  

5) Prime Ministress Justine Trudeau promise to "stimulate" the Canadian economy in 2016, through deficit spending only appeared to make the champagne socialists & public sector workers richer, while everyone else becomes poorer due to the early 2016 currency inflation of a pre 70's dollarette.

with basic income? Canada's overpriced housing market is the only thing that is being stimulated by the Chinese.

(10-22-2016 05:07 PM)RBerkley Wrote:  

6) When the Canadian dollar goes below 0.70 in value, other countries tend to purchase the CAD at a much lower rate such as 0.63-0.67 range in their currency equivalent.

Should I send $ home now? 1AUD = 1.01 CAD right now.

(10-22-2016 05:07 PM)RBerkley Wrote:  

7)For the past 1.5 years (2014-2016), the United States greenback is considered more valuable in certain overseas countries as compared to the Canadian dollar. eg-A hooker from certain Latin American countries would literally perform a BJ for a US10$ Bill, but show her a 10 Canadian dollar bill now, and she will be wondering if she will even get as much value when changed in her currency.

This will be the case until the USD loses it's reserve currency status.

(10-22-2016 05:07 PM)RBerkley Wrote:  

8) Housing bubble in Toronto & Vancouver. If the housing market declines in Canada, the CAD may go down with it.

These eight points will hopefully assist you Canadian guys in determining how to make use of the Canadian economy news to either short USD or Canadian dollars, or to research on ways to make your Canadian dollar stretch overseas by forecasting if the CAD will rise or fall in the future.

This is what concerns me the most. With Toronto housing bubbling thanks to the foreign buyer tax in Vancouver I need to time it right so I can sell the thing before the whole pops. I predict Toronto has a long time to bubble up. 10 years ago my dad bought the thing for 434k, in 2016 it's 700k and I can see it going to 1m in the next 4-10 years.

[scotian]

Great thread idea Rberkley, +1 from me, when you're not freaking out over feminazis and how much Toronto sucks, you're actually a really solid poster.

[scotian]

You won't find too many pro-Trump article in the Canadian MSM, this one isn't pro-Trump per se but does give a more balanced view of what it could look like for Canada if he's elected: http://business.financialpost.com/invest...presidency

Quote:

President Donald J. Trump?

That’s the question on everyone’s mind ahead of the first presidential debate between the real estate mogul and Democratic nominee Hillary Clinton on Monday night. It’s also the title of a note by RBC Dominion Securities Inc. Canadian Equity Strategist Matthew Barasch, in which he offers a rundown of how a Trump presidency would impact America’s neighbour to the north.

As the former Secretary of State’s lead in the polls has narrowed in the run-up to this face-off, Wall Street strategists have been warning that investors need to take the possibility of a Trump presidency more seriously. These recent fluctuations in the polls have been associated with a variety of moves across global markets, including the Mexican peso, longer-dated U.S. Treasuries, and even the Canadian dollar.
Related


But in something of a contrast to analysts who have warned that a U.S. exit from the North American Free Trade Agreement would imperil Canadian prosperity, Barasch believes “the sum total of Mr. Trump’s policy proposals would be positive for Canada and Canadian stocks, at least for a time.”

On immigration in particular, the strategist sees Canada’s advantageous position relative to the U.S. growing even more if Trump is elected, citing his plan to deport illegal immigrants and build a wall along the Mexican border.

Canadian policymakers have often bemoaned the country’s “brain drain” — the propensity for high-performing individuals in professional services industries to be lured to the U.S. by the promise of higher pay. In the event that Trump prevails in November, Barasch sees Canada benefiting from a brain gain instead.

The loser in this scenario according to the strategist would, however, be humanity.

“Under Mr. Trump’s plan, the immigration divide between Canada and the U.S. figures to widen even further,” he concludes. “Not only would Canada stand to benefit from increased access to lower cost unskilled workers, but also from increased access to skilled immigrant labour as the U.S. market is potentially viewed as less hospitable to immigrants overall.”

[renotime]

Any of you Canucks (or anyone else for that matter) know anything about the junior mining industry? It seems like every company in that sphere is traded for pennies and thus super volatile.

One stock I've been thinking about buying into is Mawson Resources. Friday it shot up ten percent and today it is currently up 1 percent. And it's only trading at 42 cents a share.

It looks like a great way to make or lose a lot of money.

[jj90]

@renotime: If you haven't made money investing in mutual funds or etc, going into the juniors is like moving from beer league football to Division 1 college ball.

[renotime]

Why would I want to invest in mutual funds? They're a joke.

So JJ do you have experience investing in junior mines?

And speculating in the stock market is like gambling. Every once and awhile you hit blackjack and get lucky. If I go up against Tiger Woods in a game of golf I lose every time.

And if I got money to burn who gives a fuck?

[scotian]

What are your guys' thoughts on Belgium rejecting the CETA trade deal? I don't know much about it but I'm a bit skeptical of trade deals these days.

[jj90]

@renotime: I have, which is why my response to you was worded as such.

And I'm actually really trying to help you out here so here's this statement too: If you think speculating in the stock market is like gambling, then take your money and go to Vegas. At least you get free drinks at the casino and hot bitches all around.

[Pointer]

I bought my one way ticket out of Canada back in 2012 after finishing university. Unless you have connections to land a cozy government job good luck slaving away your 20s and 30s in the private sector with 2 weeks of vacation/year and 6+ months of winter.

[komatiite]

(10-24-2016 03:50 PM)renotime Wrote:  

Why would I want to invest in mutual funds? They're a joke.

So JJ do you have experience investing in junior mines?

And speculating in the stock market is like gambling. Every once and awhile you hit blackjack and get lucky. If I go up against Tiger Woods in a game of golf I lose every time.

And if I got money to burn who gives a fuck?

Speculating on penny stock mining companies is tricky, I have tried three times, all in rare earth elements. One in Quebec, one in Saskatchewan and one in Newfoundland and Labrador. 0/3 thus far, I need to study my ore geology better.

That Mawson one is interesting, Paleoproterozoic lode gold hosted in dolomite with accessory pitchblende? I guess you have to start by looking at the analogs posted on their corporate presentation because I have never heard of that, there is so much diversity in hard rock deposits, it's not as cookie cutter as petroleum geology which I know more about.

My suggestion is to familiarize yourself with how ore deposits form. Here is a good video series so you can start speaking the language you see in the corporate presentations.

https://vimeo.com/user4809497

[renotime]

(10-24-2016 06:04 PM)jj90 Wrote:  

@renotime: I have, which is why my response to you was worded as such.

And I'm actually really trying to help you out here so here's this statement too: If you think speculating in the stock market is like gambling, then take your money and go to Vegas. At least you get free drinks at the casino and hot bitches all around.

What'd you invest in and what was your experience?

[Peregrine]

(10-24-2016 06:03 PM)scotian Wrote:  

What are your guys' thoughts on Belgium rejecting the CETA trade deal? I don't know much about it but I'm a bit skeptical of trade deals these days.

Anything that upsets globalist shill Freeland makes me happy.

[Brother Abdul Majeed]

Thanks for this thread, +1 from me also. I'm not yet allowed to post in the politics thread, so I can vent a bit here, especially about Canada. Americans should keep an eye on what's going on up here because this is exactly what a country that's capitulated to political correctness looks like.

Our economy is in peril. We have a government with an SJW mindset, spend, spend, spend until we have record deficits and then claim that everything's OK and we can handle more:
http://www.bnn.ca/canada-has-room-to-run...z-1.590958

Quote:

Canada is in a very good fiscal situation and should not be worried about running up deficits at this point, Bank of Canada Governor Stephen Poloz said in a television interview aired on Sunday.

The comments support Prime Minister Justin Trudeau and his year-old Liberal government, which is set to run a deficit of $29.4 billion in the current fiscal year as it pours money into infrastructure and a tax credit for families.

Pressed in an interview with Global television on whether there is a danger to running budget deficits, Poloz said Canada is a long way from that point.

"There is
a balance somewhere but I can tell you that I think we're pretty far away from that balance point," Poloz said in an interview with Global’s "The West Block with Tom Clark."

It's not OK at all. Any rise in the interest rates will increase debt spending and bankrupt half a dozen provinces, Ontario especially. Ontario is stuck with a SJW premier who spends money like a drunken sailor with no accountability and turns her nose up at auditors and rural people alike. This is a bit from her personal life.
http://projects.thestar.com/projects/kat...wynne.html

Quote:

Wynne says she and Cowperthwaite were married from 1977 to 1991. They were still friends and looking to buy a cottage with another couple in 1991. Wynne wanted Rounthwaite to see it. “I wanted Jane to come because I wanted it to be a place she would like,” says Wynne. They all knew each other and Wynne says she expected Rounthwaite would visit the cottage.

That night, they got together for the first time. As Rounthwaite puts it: “The end of the wait.”

Wynne says Rounthwaite moved into the family home in Toronto a few months later. “Five months,” Rounthwaite clarifies. Everybody was living in the same home with the children, including Cowperthwaite, who moved to the renovated basement.

So she cucked her husband with a woman and moves her lesbian lover upstairs in the rooms next to the kids. Great, she's traumatized her own three kids, now she's got an entire province to traumatize. And she's doing a good job of it. Our grade threes are the world's most knowledgeable children when it comes to anal sex, but grandma and grandpa will freeze to death in the winter because they can't pay their hydro bills. The business community of the world saw this woman fall off the turnip truck and have come in to rape the citizenry with her consent. Meanwhile she hosts dinners where members of the business community pay to get access to her and her cabinet which is blatant corruption - and she refuses to stop doing these things. Foreign green energy companies have swooped in to take advantage of the vast profits that the taxpayers bear for "green energy initiatives" while we give golden handshakes to quasi politicians at hydro one. Our police force has become a political entity that parties now have to pander to, and unions are back in swing again dictating public policy through their political cronies. The teacher's pension fund just bought a winery and wine rack store for $1 billion, so they've done well enough
http://business.financialpost.com/news/f...03-billion

Quote:

TORONTO — The Ontario Teachers’ Pension Plan has agreed to pay $1.03 billion for the Canadian wine business of Constellation Brands, one of the country’s top wine sellers, with seven of market’s Top 20 brands and a network of retail outlets in Ontario.

The deal comes less than two weeks before new rules governing alcohol sales in Ontario — which will make wine available in selected grocery stores — begin to take effect.

Constellation’s Canadian brands include Inniskillin and Jackson-Triggs; Teachers’ will also continue to distribute the company’s international brands, such as California’s Robert Mondavi and New Zealand’s Kim Crawford, according spokeswoman Deborah Allan.

Nice, get aboard the gravy train that your cronies created early.

So anyhow, I could go on - and I likely will later in this thread, but I'm not optimistic about Canada. RBerkley's bullet point # 8 is very worrisome, many Canadians wealth is really an illusion, without the equity that the market believes that their homes possess they would be seriously under water, and this would ripple through the economy like poison.

You'd be wise to be looking to another country for stability.

[jj90]

@renotime: The company I was involved in was doing extraction of zinc/magnesium/whatever from old mines in Quebec. Claimed they had better tech to extract deposits from fillings/tailings/etc. I remember buying in at ~$3 and dumping round $2. Last I checked they were maybe in the $0.30 range. 1st and last venture into the juniors. This particular company was mentioned by an acquaintance. Said acquaintance hasn't made money in juniors since '08. Red flag #1.

Here's a short list of what you need to be able to analyze companies based on fundamental data:
1)Ability to read income statement, balance sheet, cashflow statement in order to see financial position and true cash flow.
2)Ability to read notes to financial statements and be able to tell on a corporate level what is going on and why.
3)Ability to pick out the bullshit(and there will be many) positioning and PR games in both the company's releases and management interviews.
4)Ability to understand capital structure and how this affects creditors.
5)Ability to forecast/determine future trajectory of the company based on your analysis and macro conditions.

Then on top of that for juniors you need to be able to:
6)Read a NI 43-101(good fucking luck).
7)Understand liquidity position of the company.
8)Forecast cash burn rate and timeline to equity raise(dilution).
9)Understand major players in the sector and who is likely to do a strategic deal.
10)If overseas operations, geopolitics.
11)Understand the management team's background and personal objectives.

Most people can't even do 1-5 for your run of the mill large cap stock, so if you haven't been successful investing in mutual funds which is only a call on where the overall market/asset class is going, do you really think most people should be getting into juniors?

Like I said, go to Vegas instead. You'll have more fun.

[jj90]

Is the Canadian economy not great? Yes.

Is the Canadian economy about to go down like a $5 crackhead from the ghetto? No.

I understand here on RVF we lean conservative, but you don't fix a recession with austerity. Liberals have it right, spend.

Is deficit spending a good long term solution? No, it's kicking the can down the road. However a short term fix is better than no fix at all.

And let's have actual facts here gents, a quarter point increase in rates isn't bankrupting the country.

[RBerkley]

@Burner Email 82 @gmail.com

Remember that financial institutions charge higher Buy rates per CAD, so a 1.01 rate isn't above par because the FX at Canadian financial institutions will charge a few cents to their currency exchange rate, which will = ~ 0.94 to 0.97 depending on which bank.

Usually the AUD currency trend is similar to the trend of the CAD, so when the CAD rises in value, so does the AUD. It is only when you notice when the CAD is falling to the USD, while the AUD dollar is rising, revealing a rate difference of over 2.5 cents or higher, preferably 3.5 cents & higher, then you may want to exchange AUD for CAD to make a profit.

A 1 cent difference isn't that much because banks charge commission, or with standard USD rates, tend to Buy USD at around 1.5 cents to 3 cents above FX value, while selling USD at around 3 cents lower than the FX value.

Checking a few Canadian banks, their current Buy rates for Australian dollars to Canadian dollars range from 0.94 to 0.96, thus banks are charging ~ 5 cents per AUD to transfer as compared to current spot AUD to CAD, UNLESS you exchange your money at a non-bank, but they regardless will charge at least 1.5 cents to offset operating costs for their business.

Eg: The spot rate for CAD is 0.75 cents today. Walking into a bank their rates may be like:
buy at 0.77 (higher CAD rate), sell at 0.72 (lower CAD to buy USD).

The same commission principle may apply to exchanging AUD to CAD, so if there isn't an extravagant appreciation above 5 cents or so, then exchanging AUD to CAD at this time over a 1 cent difference would only make the banks richer.

Foreign exchange business is some risky stuff, and I'm not giving any investment advice here because the risk is volatile due to currency fluctuations.

Personally, I made nice pocket money when I purchased a few grand USD with Canadian dollars when it was 0.79 cents in 2015 during Roosh outrage, & in early 2016 when it was collapsing to the 67 cent range, I went online & exchanged the USD for CAD & earned some extra CAD in profit that I waited a few months to exchange in USD again when it bounced back earlier this year to 77 cents.

On the contrary, I warned before that FX currency trading is risky stuff because of volatility.

It is, however, a good thing, to review company financial charts, trends & research on economics like one poster illustrated on this thread.

Investing is feasible only when someone understands the game & know the risks involved. Passive income, in any case, is feasible for anyone, but investment in FX is risky.

[RBerkley]

(10-24-2016 06:03 PM)scotian Wrote:  

What are your guys' thoughts on Belgium rejecting the CETA trade deal? I don't know much about it but I'm a bit skeptical of trade deals these days.

It depends on the nature of the trade deal. If it's a trade deal for Canada exporting items to the EU, then such deals are important for Canadian economy, but if the Trade Deal is to encourage undocumented workers into Canada, then that deal is bad for Canada.

However, given that the EU is considered more First World, then in my opinion, Canada stands to benefit from increasing trade with developed countries like the EU.

The only reason why the words "Free Trade" leaves a sour taste in Americans is because their Free Trade involves agreements with Mexico & China to manufacture goods for American companies for pennies on the dollar.

However, with the Canada-EU trade deal, I doubt that it is a deal which will permit EU powerhouses like France, Germany & Netherlands to manufacture goods for Canada for pennies on the dollar. The EU involves wealthy and powerful countries which will benefit Canada in the long run.

For Freeland to sour the taste of EU representatives with her "empowered" woman attitude did leave a sour taste to global investors, causing a reason to lose confidence in the CAD.

The CAD is not even going above 75.1 cents USD (as I type) after Canada is not agreeing with the EU officials on the trade deal in Belgium.

Therefore, the Canada-EU CETA trade deal may have influence on global confidence to Canada, though I need more research on the trade deal to find out the reason why the Investors' confidence on the CAD is dependent on the trade deal with the EU.

I do think that Freeland behaved like a cunt to the EU officials. That alone should have signaled that Trudeau feminist government acts on emotions rather than logic.

If a trade deal sucks, one doesn't behave like a crybully to officials in one of the most powerful regions of the continent of Europe!

[RBerkley]

Initially, it was the former Prime Minister Stephen Harper who assisted with EU officials about a trade deal which would encourage Canada to export more to the EU on favourable terms:

Quote:

Canada-European Union: Comprehensive Economic and Trade Agreement (CETA)

The Canada and European Union (EU) Comprehensive Economic and Trade Agreement (CETA) is a high quality agreement that reinforces Canada’s fundamental relationship with the European Union. CETA covers all aspects of our broad trading relationship with the EU, including goods, services, investment, government procurement and regulatory cooperation. CETA will provide Canada access to the world’s largest market with more than 500 million people in 28 countries, with a combined GDP of $20 trillion.

[Link from http://www.international.gc.ca/CETA]

However, feminist Trudeau government Minister Freeland went all the way to the European Union officials to behave like a Trigglypuff because of her bias & entitled mentality, thus impeding any future efforts with the EU to commit to deals which will encourage more export from Canada.

It looks like someone in Europe forgot to provide Freeland some "Safe Space".

Furthermore, it looks like the only people who are opposing the trade deal are "Socialists" from the French speaking region of Belgium, though I've read that the Canada-EU trade deal does not involve the stereotypical "cheap labour" deals which are globalist in nature.

I don't see anything wrong with a 1st world country being permitted to export to the EU on a lower cost. It isn't like Canada is going to force millions of illegal immigrants to manufacture items for 2 cents per hour for EU corporations, eventually creating unemployment in the EU, such as the USA-China free trade deals which benefited corporations and the 1%.

Point is, Freeland tarnished Canada reputation in the EU because of her Trigglypuff attitude. That attitude is for Toronto, not for signing deals to improve the exports of Canada with the wealthy EU countries like France, Germany.

The less Canada exports, the worse for the GDP & trade deficit.

[RBerkley]

Brother Abdul Majeed,

Ontario Leader Kathleen Wynne is an example of the typical woman in Ontario in any case.

It was not right how she dissed the Auditor-General over the recommendation that the Teacher Union's "bribes" should be liabilities rather than Investments.

It exemplifies how the Teacher Unions in Ontario is a tyrannical force in Canada. The teacher unions who teach those Grade 3 students how to anal sex, probably with their female teacher or pedophile Ben Levin, thus becoming future useful idiots who infest campuses in Canada with SJW crap.

Speaking about teacher union powers, in a previous thread I narrated how I was bullied by Toronto Police over a year ago, because I criticized their policy about the Toronto Police not being given powers to criminally investigate a female teacher who strips naked inside a classroom of minor students, because the TDSB under Donna Quan bullied the Toronto Police to NOT enforce public nudity laws during Toronto Pride 2014.

If teachers in Ontario could force police to not enforce the law on certain things, then bully me to get me imprisoned like a political prisoner (because I do not like it when a female teacher or Ben Levin corrupts little toddlers in Elementary school ) & the Toronto Police don't appear to be vigilant against predator teachers, but more concerned about Gregory Alan Elliott or jaywalking, then it illustrates that Ontario is WORSE than a Banana Republic.

Buncha old cat ladies in Ontario running school boards stripping naked in front of students & showing their body parts to little kids, while bullying the police not to investigate & bullying private entities like myself for criticizing such policies, plus a pedophile like Ben Levin drafted the encore Sex-Ed curriculum which sounds just like his posts about molesting 10-year-olds, & people in Ontario can't say a word criticizing the holier-than-thou teacher unions without police bullying them like Soviet Russia.

You're right to say that in Ontario, the teacher unions are going to teach Grade 3 students how to perform anal sex, then in Grade 12, the students will be taught how to become useful idiots to oppress other people, while the Beast Teacher Unions will turn richer & richer from government corruption.

Not even corrupt Banana Republics would ever think of using police to bully private citizens because the citizens criticized that female teachers are stripping naked in front of minor students & then teaching them how to do anal sex using a curriculum drafted by a pedophile who was very acquainted with Kathleen Wynne.

Lots of bizarre things in Ontario man. A female teacher who makes up at least 95% of elementary schools in Ontario talking to 9-year-old students about sex in a casual context, including about anal sex in an explicit context...

No wonder the teacher unions forced the local police departments to go after private individuals who criticize certain policies in education in Ontario.

[RBerkley]

To JJ90,

One of the issues with Trudeau's Liberal spending is that it isn't "trickling down" to the lower classes of people.

The majority of funds are enriching his cronies & the public sector workers, including the infamous Ontario teacher unions who act as a Sergeant of police to instruct police to not enforce nudity laws during Pride, or to send the police to harass private critics of the teacher union.

The major difference between the American way of Liberal spending is that under Obama, one on government assistance receives on average, way more benefits than one in Ontario, believe it or not.

One guy I know who lives nearby Manhattan told me that one would got to be stupid to be homeless in NYC, because the welfare & food stamps could pay for more than the cost of living for low income people.

There are even Obama paying for people's expensive surgeries in the US, & this was told by Americans.

In the USA right now, one can be penniless & they will get food stamps & welfare which will be more than the cost to live.

This is what "Liberal" spending is about.

In Ontario, there are complaints about people becoming homeless because they can't pay the rent to live in certain cities of Ontario because the welfare barely covers rent, even when Trudeau promised to spend more on the poor.

Ontario is like "conservative" in terms of helping the poor, but "Liberal" in terms of enriching the public sector cronies, including the corrupt teacher unions. There was protesting about Kathleen Wynne performing healthcare cuts on vital services & not permitting private health providers, while Obama is considering to "socialize" medicine for the poor.

It is better to be a poor person in the United States than in Ontario right now. Obama is an example of "Liberal" spending.

If a guy from NYC is telling me how it is not easy to become homeless in NYC under Obama, then Obama is more Liberal than Justin Trudeau in terms of helping the poor people.

[Laner]

(10-24-2016 10:58 AM)renotime Wrote:  

Any of you Canucks (or anyone else for that matter) know anything about the junior mining industry? It seems like every company in that sphere is traded for pennies and thus super volatile.

One stock I've been thinking about buying into is Mawson Resources. Friday it shot up ten percent and today it is currently up 1 percent. And it's only trading at 42 cents a share.

It looks like a great way to make or lose a lot of money.

My partners in one of my current joint ventures are junior minors turned venture capitalists. Junior mining is a great way to spend other peoples money and make a lot of them very mad. They have no real desire to actually make money, they take their $200k a year salarys and burn through the $millions in order to just do it again.

(10-25-2016 07:01 PM)RBerkley Wrote:  

To JJ90,

One of the issues with Trudeau's Liberal spending is that it isn't "trickling down" to the lower classes of people.

The majority of funds are enriching his cronies & the public sector workers, including the infamous Ontario teacher unions who act as a Sergeant of police to instruct police to not enforce nudity laws during Pride, or to send the police to harass private critics of the teacher union.

The major difference between the American way of Liberal spending is that under Obama, one on government assistance receives on average, way more benefits than one in Ontario, believe it or not.

One guy I know who lives nearby Manhattan told me that one would got to be stupid to be homeless in NYC, because the welfare & food stamps could pay for more than the cost of living for low income people.

There are even Obama paying for people's expensive surgeries in the US, & this was told by Americans.

In the USA right now, one can be penniless & they will get food stamps & welfare which will be more than the cost to live.

This is what "Liberal" spending is about.

In Ontario, there are complaints about people becoming homeless because they can't pay the rent to live in certain cities of Ontario because the welfare barely covers rent, even when Trudeau promised to spend more on the poor.

Ontario is like "conservative" in terms of helping the poor, but "Liberal" in terms of enriching the public sector cronies, including the corrupt teacher unions. There was protesting about Kathleen Wynne performing healthcare cuts on vital services & not permitting private health providers, while Obama is considering to "socialize" medicine for the poor.

It is better to be a poor person in the United States than in Ontario right now. Obama is an example of "Liberal" spending.

If a guy from NYC is telling me how it is not easy to become homeless in NYC under Obama, then Obama is more Liberal than Justin Trudeau in terms of helping the poor people.

In Canada (BC), right now its better to be poor than working class. I did the math on another thread, and for an unemployed, single mother of 4 kids she has more take home money at the end of the month than a Red Seal carpenter working full time.

$800 welfare
$2400 child tax credits
= $3200 month income
- $400 rent (subsidized)
- $200 food (subsidized)
= net $2600

Carpenter @$25/hr
$4000 gross
$2800 net after tax
- $1100 rent (average BC)
- $400 food (average BC)
= $1300

She 'makes' double a full time carpenter. This math is going on all over the place here. Multiply this by what is happening in Alberta and quadruple this in Ontario and we have race to the bottom.

[jj90]

Both of you have hit the nail on the head. It pays to be an unemployed mother in both countries. Single unemployed/underemployed people, not so much. These single mothers aren't dumb, they've figured the system out.

You throw in a living arrangement with a common law BF/guy/FB who does cash work on the side, now these people are middle class.

Laner's point on junior mining exec's was the real key point I was trying to convey to renotime. At least the large caps have a real business going on outside of fund raising and pitching hope.

[RBerkley]

Ya, single-parent mothers who make several offspring obtain Section 8 housing, increased welfare & food stamp benefits in Obama USA, extra $$$ to purchase the latest Chanel handbag, but the majority of times, convos about the welfare moms include racist stereotypes that would turn this thread into a mini-Alt Right thread, so I avoided talking about single moms, but yup, the more offspring the more $$$$ from government.

One advantage that being poor in the Southern half of the United States is that the winter time is not as intolerable as in Canada, so one can go live off-grid & not freeze to death.

However, becoming homeless in a province like Ontario during early January to mid-February is not recommended.

The welfare rates for a single person in Ontario is about 600$ per month, but rent in major cities in Ontario for a single person is approx. 500$ up for a room. Transit does not reach that regular outside of the major cities, so many people end up in the cities to meet social workers who are overpaid to dehumanize a person in need in order to provide a welfare check which will not even cover food after paying overpriced rent.

Subsidized housing in Ontario is on waitlists for at least seven to ten years. The joys of mass-immigration to Canada when the government isn't even building more roads & transit to meet population growth.

While I don't intend anyone to pursue being poor, it is how a country treats their people in need which matters the most.

Even in the USA with their stereotype Darwinian healthcare, if a person is in need of a medical emergency, even if that person isn't covered by health insurance, the hospital staff will treat that person.

In Ontario, Canada with their "free" healthcare, emergency rooms are packed, & there are stories about people with broken teeth waiting for hours to be attended to, while some cunt with broken feewings are catered to by staff because of the "queue" policy.

I know an American guy who earns thousands of US dollars in passive income writing music for movie labels, which he spends living in Mexico for the majority of the year. He doesn't even worry about not being denied healthcare in the United States if he returns, unlike in Canada where if one leaves the country after six months, they can be denied "free" healthcare in Canada, & forced to re-apply after three to five months arriving to Canada, depending on province.

The system in Canada tries to portray itself as "Liberal", but they are more fiscally conservative than California in terms of liberal spending.

[RBerkley]

This Canadian Economy Thread needs a little updating as at November 27, 2016.

For starters, as of writing this post the Canadian Dollar ($CDN) is currently valued at 73.941 cents to the USD (Why three decimal places?
Example: 100,000$US converted at that rate Is 135242.96 C$ inverse, but if you only use 73.9 inverse it is 135,317.99 C$, a difference of about 30 dollars).

Oil Prices volatility.
OPEC may or may not come up with a deal on November 30, 2016…If OPEC comes up with a deal, the benefits are that oil prices will rise to a modest growth enough to boost the Canadian Dollar ($CDN) while preventing expensive gas prices. 60$ per barrel could happen if a deal is made. Win-win situation for consumer and Canadian dollar.

My “not intended for investment advice) estimate if an OPEC deal happens is that the $CDN will appreciate by a cent or two, maximum 77 cents to the US Dollar. Not bad.

The consequences of an OPEC failing to cut supply will cause oil prices to collapse to maybe 40$US per barrel. This will cause the Canadian Dollar to fall from its current almost 74 cents to about 73.4 cents.

The confident outcome on the US$ is when the FEDRESERVE rate hikes on December 14, 2016 by 25 basis points while the Bank of Canada remains intact on rates this year.

This will cause further depreciation of the Canada Dollar (along with other currencies like Euro, BGP and Yen), but Canada will be hit hardest because of its already less-than-normal GDP and growth output.

I estimate that the Canadian dollar will lose about three cents to the USD if an interest rate difference occurs this year, and the probability of a rate cut by the BOC will definitely depreciate the Canadian dollar like a Peso, probably entering the lower 60 cent range.

To summarize my “not intended for investment advice” explanations.

Low oil prices are good for travel and consumption on currencies which are not petrodollars such as the Canadian Dollar. This is because higher oil prices appreciate the value of the C$ while low oil prices lower the value, and also dampen the outlook of the Canadian economy because Alberta oil money pays for the rest of Canada v.i.a. Equalization payments managed from the bureaucrats working in Ottawa.

When oil prices are high, the Bank of Canada doesn’t get anal retentive on interest rates, but for the past 30 months or so when oil prices have been declining, the interest rate was from 1% in 2012 to currently 0.50%. When the US Fed increases their current 0.50% Central Bank Interest Rate to 0.75%, the Canadian dollar will go lower.

The reason why the Canadian dollar was in the $0.85-$1.00 range from 2010 to 2014 was because of oil prices over $75/bbl, and the fact that the US FED interest rate was only 0.25% while the Canada one was 1.00%. In other words, the US dollar was depreciating against the other currencies at that time.

NOT FOR INVESTMENT ADVICE PREDICTION SUMMARY:

Current rate of $CDN= 73.94 cents.

OPEC Deal Nov 30, 2016 (No OPEC deal): 75.45 cents to 76.8 cents max OR (73.1 cents to 73.4 cents Max)

After December 14, 2016 if Fed Raise rates (if FED doesn’t raise rates) considering that Option A: OPEC Deal or Option B No Opec deal)

OPTION A OPEC DEAL: 73.0 cents to 73.1 cent if FED raises rates (73.7 cents to 74.45 cents if they don’t).

OPTION B NO OPEC DEAL: 68.9 cents to 70.1 cent (74 cents if they don’t).