Friday, February 22, 2019

Why is the Loonie Still Above $0.75 CAD/USD? A Government in Crisis, Denial Mode, Nonsensical Carbon Taxes On The Horizon and Resources Sector In A Shambles By The Liberals Own Doing

http://business.financialpost.com/commodities/crisis-of-our-own-making-regulatory-logjam-has-cost-100b-in-cancelled-resource-projects

Not only along with the Federal Liberals but also at the provincial level in BC and Alberta, Canada and its provinces are shooting itself in the foot....chronically.

Combined with a wishy washy outlook form our dear Bank of Canada Governor Poloz (citing a precarious real estate market, uncertain outlook due to trade agreements/tariffs and the unmentionable effect of carbon taxes - he's an economist, he should know better!), who seems to avoid panicking apathetic, heads in the sand Canadians.

What do the world markets (not) see?  Why does the Loonie maintain its $0.75 CAD/USD trading range?

No comments:

Post a Comment