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The Canadian dollar at $0.75

Discussion in 'Canada' started by RumRunner, Jan 29, 2015.

  1. jfman

    jfman Long timer

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    to be competitive against Mexico, it doesnt make a bike of difference how low our currency gets because it's the US dollar that is gaining strenght. The mexican pesos is falling at the same(or similar) rate as Canada.
  2. anjin

    anjin painted side up

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    first of all container ships are trans-oceanic, not continental (???). Second, where do you get your information? I work in the business and personally brought in 4 335+metre container ships to BC ports in week before last.
    regards anjin
  3. Steve G.

    Steve G. Long timer

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    So you are saying because our cdn $ is low, we're going to gain jobs from the USA??
  4. jfman

    jfman Long timer

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    No, I am saying that Canada has not gained an eyota( sp) of competitiveness over Mexico because as the loonie drops, so does the Mexican peso.
  5. Cal

    Cal Long timer

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    Actually its 12 pesos to the dollar right now and if I remember correctly 2 years ago I was only getting 9.5 pesos.
  6. Steve G.

    Steve G. Long timer

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    Yes I know that. But earlier you said that the low Cdn $ would garner more manufacturing jobs. I'm asking where those jobs will depart from to return to Canada?
  7. Steve G.

    Steve G. Long timer

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    Correct.
  8. jfman

    jfman Long timer

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    Oh yeah it has a positive impact in some industries.

    My sister works for a company that makes hardwood flooring and they are experiencing a surge in orders from the US right now because they sell in Canadian dollars.

    I dont know where their competition is based. I am guessing that if it is in the US, production is afftected negatively there as a result.
  9. 1bigrn

    1bigrn Been here awhile

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    We are not going to have any real advantage with a low dollar. We live in a global economy and with low energy shipping items become cheaper. If we all think that Mexico is our competition then we are competing with a developing nation and that in its self is a sad fact. I'm sure Germany doesn't think their main competition is Turkey. Ontario will have no significant growth and manufacturing has left over the years do to demanding unions, high regulations and sky high energy costs. Liberal policies have done Ontario in. We should make Ontario the first "right to work" province, eliminate taxes for manufacturing and slash energy cost. Our real competition is the manufacturing states. The facts are right to work states have a competitive advantage over the other states.
    Steve G. likes this.
  10. Steve G.

    Steve G. Long timer

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    Totally agree. Ontario is done. The current political party seems unconcerned about Ontario's future, the way their debt is growing, indeed the most indebted non country jurisdiction on the entire friggin' earth. Like worse than Detroit, Modesto, Chicago, and we know what has become of their pension systems at those places.
    16VGTIDave and Maggot12 like this.
  11. Maggot12

    Maggot12 U'mmmm yeaah!!

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    I don't pay attention to politics, as life for me is too short to care. As far as Ontario being done, I won't necessarily disagree, but there are folks coming here in record numbers still.

    I took a drive to TO twice last week (50 minute trek). I took back roads both ways and there are literally 1000's of homes being built with the cheapest sign I saw was "starting in the low 900s". I was in Detroit last summer, I wouldn't compare the two, not from the street anyway.
  12. 1bigrn

    1bigrn Been here awhile

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    If you want to use Detroit as an example the let's compare it to Windsor. Both auto towns, both run down. Both ruined by labour unions high demands. If I had to invest I would put my hard money in Detroit making a comeback before windsor.
  13. Maggot12

    Maggot12 U'mmmm yeaah!!

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    I wasn't using Detroit as an example, I was noting what SG said.

    Like I said, I'm not a political watcher, and don't get tied up in the economics. Well except for my own and what I can try and personally control. But driving around Barrie to TO, Newmarket, Markham, etc, I'm not seeing much depression... and the unemployment rates are low. Yourself and SG seem to think Ontario is done, maybe it is, but I'm not getting that sense.

    Barrie is a bedroom city of Toronto now, and soon the outskirts of the city will be up this way.
  14. Sunday Rider

    Sunday Rider Adventurer Wanabe

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    Speaking of Barrie, I am amazed how huge it has become. It doesn't have that small town feeling anymore. Almost felt like I was in New Scarborough but in a nice way.
  15. Steve G.

    Steve G. Long timer

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    I totally understand not covering politics. I find the whole thing repulsive myself. But you should be aware that political incompetence will affect you, by costing you more money on electricity bills in particular, and ultimately your pension you've been forced to pay into all these years.
  16. 16VGTIDave

    16VGTIDave Reaver made me do it...

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    I have to wonder if the salaries and pensions of career politicians will be negatively effected by their incompetence? :confused :hmmmmm :loco
    Yeah, I guess there is such a thing as a stupid question. They aren't as incompetent as their actions make them appear...
  17. Steve G.

    Steve G. Long timer

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    Well, as most politicians are in fact lawyers, they are quite apt at lining their own pockets, but most are economic basketcases in the grander scheme of things.
    Maggot12 likes this.
  18. HighwayChile

    HighwayChile greetings from Wa state

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    stay out of europe. even when loonie was rockin' it was $7 gas, exp as hell. cost me $17 for load of laundry self serve oh well. but the riding was awesome.
    go for the ride, adjust the rest. yanks take happy hour serious , cheap food & grog, if in a big city ( why? ) grab a hip newspaper, they list H-hours. Canada is going to be hit with inflation on food etc so you'll pay less in US but loonies is worth less. hmmm .... just go ride.
    The film industry i'll bet will pick up, small manufacturing , craft places that sell to tourists or export can kick butt.
    Port Alberni at one point years ago had one of the highest per capita incomes in Canada... not any more. Change is hard, best to figure a way to adjust
  19. 1bigrn

    1bigrn Been here awhile

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    I agree with the poster we must find a way to adjust.
    But cheap paying service, tourism jobs or film industry doesn't replace high paying industry .
    Also the nanny state socialist Ontario has made "happy hour" illegal. If a drinking establishment use that term they will be fined. (You can't even make this shit up)
  20. Cal

    Cal Long timer

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    So can they still have happy hour but just not use the term or advertise it?