I never said the price of oil didn't effect our economy........The drop in the Canadian dollar, like the Euro, is a direct result of the growth of the US economy.........
No, as I said, the US economy is growing, well keeping inflation below 2%, as such, the US dollar is increasing in value, decreasing the recent value of Canadian and other World currencies when traded against the Greenback......
I'll start to worry once the larger oil companies start cutting dividends..........currently, Suncor's trading price is +/- 3% of what it was this time last year....
I don't know.....I was just surprised that these Liberals are open to.......of course, the prior Liberal Governments had no problem bringing in anti-terror legislation post 9/11.
Exactly......I doubt it will rebound to ~$100 bbl by Summer, but $70-80 is plausible once Spring-Summer driving starts.......Interesting that you mention Cenovus ( I have a relative working for them), they're expected to pause some of their projects in Southern Alberta short-term, but keep buggering on up North....
Not at all, but then, I don't fear for them either..........why is are dollar so low? Because the Americans economy is improving, and in turn, inflating the value of their currency, as its done historically.
Good, because the plight of others is a common theme among resource based, cyclic industries........The joke though is your claim that all our economic eggs are in one basket.......because 8% of Canada's GDP stems from the oil and gas industries.
It appears the Liberals will support the new anti-terror legislation on condition:
I suppose the Liberals are understanding that most Canadian voters actually do support action against terror.......
Yeah, the oil and gas sector makes-up a whopping 8% of Canada's GDP..........quite the contrast to your eggs in one basket meme, a clear indication that you don't understand how the economy works..........
Oil and gas is clearly a peaks and valleys industry and will rebound, and tanks in a near cyclic fashion ...........you can quote and bookmark, but I'll predict $70-80 per bbl by late Spring- early Summer.....fore one thing is certain, the World runs on oil and the "glut" of one million bbl production won't last..........
8% of a nations GDP hardly makes an all eggs in one basket economy
Tell them what? That the last time oil dropped this much, in such a drastic fashion (2009), that it rebounded within 6 months?
None the less, your emotional rantings aside, the oil and gas sector only makes up 8% of our economy.......hardly all the eggs in one basket as you suggest