http://www.topforexnews.com/2009/10/22/bank-of-canada-pushes-loonie-down/ Live Forex news from all over the world. Sun, 05 Feb 2012 10:53:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.topforexnews.com/2009/10/22/bank-of-canada-pushes-loonie-down/comment-page-1/#comment-136193 Andrei Moraru Sat, 24 Oct 2009 20:43:17 +0000 http://www.topforexnews.com/?p=2506#comment-136193 I guess that for the majority of the Canadians (the citizens of the export-based economy) the depreciation of the currency will lead to the higher levels of prosperity, which will offset the elevated import prices. So, that's not so sad after all. I guess that for the majority of the Canadians (the citizens of the export-based economy) the depreciation of the currency will lead to the higher levels of prosperity, which will offset the elevated import prices. So, that’s not so sad after all.

]]> http://www.topforexnews.com/2009/10/22/bank-of-canada-pushes-loonie-down/comment-page-1/#comment-136191 Ray Fortier Sat, 24 Oct 2009 20:00:48 +0000 http://www.topforexnews.com/?p=2506#comment-136191 It is a sad state of affaires when the only control anyone has to economic recovery is to subsidize Canadian business on the backs of Canadian taxpayers through the manipulation of the loonies international value. Canadians for too long have been the brunt of a sterile business plan that is only interested in taking the easy way out. As part of free trade the loonie is suppose to operate in the free market unfettered by artificial influences and doom and gloom threats from Ottawa. It is a travesty how the BOC has been enlisted by the Gov't to deflect an unpopular and ill concieved therapy for the loonie. Canadas strength is based on only two sources, commodities and its people, the real value of these are not subject to manipulatiuon now but when big business is pushed to the limits maybe just maybe those luxuries will be manipulated to. Canadian consumers deserve parity as most of what we buy is imported. Canadian industry must lower its costs so as to make whatever products we manufacture here more cost competative so as to stymie shopping sprees into the USA. Most of what Canadians buy over there is not available in Canada anyway so who is getting hurt by all this? There was a financial advisor sometime ago that stated: The quicker you can consolidate your Canadian assets in cash and move to a more tax free country the sooner you'll be in control of your destiny. The Canadian model provides for a median form of comfort but never to the extent of economic freedom. It is a sad state of affaires when the only control anyone has to economic recovery is to subsidize Canadian business on the backs of Canadian taxpayers through the manipulation of the loonies international value. Canadians for too long have been the brunt of a sterile business plan that is only interested in taking the easy way out. As part of free trade the loonie is suppose to operate in the free market unfettered by artificial influences and doom and gloom threats from Ottawa. It is a travesty how the BOC has been enlisted by the Gov’t to deflect an unpopular and ill concieved therapy for the loonie. Canadas strength is based on only two sources, commodities and its people, the real value of these are not subject to manipulatiuon now but when big business is pushed to the limits maybe just maybe those luxuries will be manipulated to. Canadian consumers deserve parity as most of what we buy is imported. Canadian industry must lower its costs so as to make whatever products we manufacture here more cost competative so as to stymie shopping sprees into the USA. Most of what Canadians buy over there is not available in Canada anyway so who is getting hurt by all this? There was a financial advisor sometime ago that stated: The quicker you can consolidate your Canadian assets in cash and move to a more tax free country the sooner you’ll be in control of your destiny. The Canadian model provides for a median form of comfort but never to the extent of economic freedom.

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