The Canadian dollar

[blueblood]

1 hour ago, JamesHackerMP said:

Right.  I read that some years ago when Japan was kickin' our ass (before the "lost" decade, etc.) bankers engineered a devaluation of the dollar to make it easier to buy American machinery.

A higher dollar makes it easier to buy American machinery as your purchasing power increases and you won't get dinged on the exchange.  

[taxme]

21 hours ago, bush_cheney2004 said:

The Canadian dollar is low compared to the U.S. dollar for several reasons, but the two biggest are the big drop in worldwide commodity prices for raw materials and flight to safety (U.S. dollar - world reserve currency) during times of uncertainty (e.g. Brexit, Eurozone collapse, President Trump's trade policies).   Canada's economy has been lagging for several years (recession in 2015), and is less attractive for foreign investment because of provincial and federal policies.

Canada's economy actually suffers more when the dollar is at parity.  

I guess being trillions of dollars in debt must be good for a country and their dollar. I guess Canada being in the billions of dollars in debt explains as to why our dollar is so low compared to the American dollar. Canada better try and get into the trillions of debt so our Canadian dollar will get better.    I hate going to the bank and handing over a thousand dollars Canadian and get back $700 dollars American. I just lost $300, and I haven't even left town yet.   Something bloody wrong with this picture. 

Canada seems to always suffer no matter what. 

 

[bush_cheney2004]

7 minutes ago, taxme said:

...Canada seems to always suffer no matter what. 

 

That's true.....most Americans don't care what the exchange rate for the Canadian dollar is....most don't live close to the border and shop in Canada on a regular basis.   Millions of Canadians do so each year for all kinds of reasons, and they have to face the music when their dollar buys less.   Canadians live their entire lives hearing/reading what the value of their dollar is in terms of the U.S. dollar in news media....Americans don't have that experience unless they seek it out in business news.

[taxme]

10 hours ago, Argus said:

Meh. I remember when the Canadian dollar was worth less than 60 cents. I hope it comes again soon!

Geez, I won't be able to afford a holiday in the States, Mexico or the Caribbean anymore if the dollar drops to 60 cents again. It won't be worth my while to even go across the line and purchase their cheap gas and beer anymore. Being a Canadian just sucks sometimes. 

[taxme]

7 minutes ago, bush_cheney2004 said:

 

That's true.....most Americans don't care what the exchange rate for the Canadian dollar is....most don't live close to the border and shop in Canada on a regular basis.   Millions of Canadians do so each year for all kinds of reasons, and they have to face the music when their dollar buys less.   Canadians live their entire lives hearing/reading what the value of their dollar is in terms of the U.S. dollar in news media....Americans don't have that experience unless they seek it out in business news.

It sure must be nice when an American can visit Canada and get approx. 30% off everything they purchase. I am surprised that the Canadian border is not plugged up with Americans. I guess most Canadians don't seem to have a problem with our weak dollar because whenever I go across the border their are always lineups of Canadian vehicles waiting in line to enter America. Either they have lots of American dollars to spend or they just gave up and have decided to just pay the piper. 

[bush_cheney2004]

5 minutes ago, taxme said:

It sure must be nice when an American can visit Canada and get approx. 30% off everything they purchase. I am surprised that the Canadian border is not plugged up with Americans. I guess most Canadians don't seem to have a problem with our weak dollar because whenever I go across the border their are always lineups of Canadian vehicles waiting in line to enter America. Either they have lots of American dollars to spend or they just gave up and have decided to just pay the piper. 

 

True again...more Canadians go south than Americans going north....about a three to one ratio.  Part of that has to do with most Canadians living within 100 miles of the U.S. border while most Americans do not.   There are some destination reasons to go to Canada (skiing, fishing, hunting, business, etc.), and I only live a few hours from the border but there is absolutely nothing I would cross the border for even if the price was lower.   Everything I want/need is readily available locally or online with better selection than in Canada.

I have no way to relate to the impact of wild Canadian dollar valuation swings....but it must be frustrating at times.  

 

[taxme]

16 minutes ago, bush_cheney2004 said:

 

True again...more Canadians go south than Americans going north....about a three to one ratio.  Part of that has to do with most Canadians living within 100 miles of the U.S. border while most Americans do not.   There are some destination reasons to go to Canada (skiing, fishing, hunting, business, etc.), and I only live a few hours from the border but there is absolutely nothing I would cross the border for even if the price was lower.   Everything I want/need is readily available locally or online with better selection than in Canada.

I have no way to relate to the impact of wild Canadian dollar valuation swings....but it must be frustrating at times.  

 

We must be paying close to five dollars a gallon for gasoline here in Canada if I figured it out right. A case of beer or hard stuff is roughly double the American price for a case of beer or hard stuff. I use to like to go to the Washington state casinos near the border but not anymore. That has gotten to expensive to do. It also looks like everything Canadians want or need is in America also. Canadians flock to America because you do have a bigger selection of goodies to choose from. It is quite frustrating at times alright. But hey. 

[JamesHackerMP]

Maybe instead of a "ladies night", bars near the border could do a "Canadians drink free"?

[Rue]

6 hours ago, taxme said:

Geez, I won't be able to afford a holiday in the States, Mexico or the Caribbean anymore if the dollar drops to 60 cents again. It won't be worth my while to even go across the line and purchase their cheap gas and beer anymore. Being a Canadian just sucks sometimes. 

Careful they have non white people in those countries Taxme. Listen on a serous note, the higher the federal or provincial taxtes, deficit, or the more regulations there are,  the less confident foreign investors are in the Canadian dollar and for that matter Canadian stocks and even investing in Canadian businesses. That correlation is always there.

What we also see is the Bank of Canada that chooses to artificially ignore the market place and keep interest rates very low and the dollar low in any way it can. It does so because the reasoning is since we are so heavily dependent on exports to the US, keeping the dollar low, makes us cheaper for Americans to buy and less likely to  buy from other Americans or other countries.

Canada  has failed to divest itself on virtual dependence on the US economy. There is panic now, because if Trump does invoke protectionist policies  it would negatively impact on Canadian export prices going into the States making American products as competitive or more competitive depending on how far he wants to go.

However we also have to get real. A US President and his powers (POTUS) are limited. The US constitution gives the Senate and House of Representatives equal powers to him when it comes to  making economic policies.As well each state in the US within its state only, like provinces in Canada within their province only, has jurisdiction over many economic policies. Cross border or inter-state trade in the US like cross-border and inter-provincial trade, becomes federal in jurisdiction and this overlaps with state or provincial powers and whether you are a President, Prime Minister, Governor Senator you still have to work with your elected assemblies to pass bills.

At the present time both the House of Representatives and Senate are majority Republican but remember Trump may call himself Republican but in fact he is an independent and the closet model we have to his not being directly attached to Republicans or Democrats  is the only independent President in US history Theodore Roosevelt who some say was the greatest or one of the greatest US Presidents in terms of economic innovations.

I hate to compare the two but Teddy Roosevelt as brash, down right rude, like Trump a bug mouth blabber, and like Trump he had a very short attention span, quick temper, and said what was on his mind and to hell with political correctness.

So before we jump to conclusions about Trump you may want to look at Teddy Roosevelt to see if there is any parallel.

Trump will get certain bills passed because the majority Republicans say so. However remember, many US states depend heavily on trade with Canadian provinces. If Trump goes to far it would negatively impact on their ability to  trade.

I think therefore predictions of doomsday attacks from Trump on our trade is premature. Rhetoric and actual policy are two different things and what we have seen from Trump when running businesses is he does not directly manage either at the macro or micro levels-he delegates and as long as he can get credit and look good he really does not care what else happens.

I do think he wants business back in the US. I do not think he is a champion of the underclass workers. However the people he champions,elite business owners and US corporations do hire and employ Americans who then pay taxes and he is right in the simple sense that if you drive business out of the US people do not work and therefore pay taxes.

A classic case study is Ontario and soon to be all of Canada. Excessive regulations and unrealistic regulations on business drive them out. Trump can sound all tough threatening corporations, etc., but if he becomes too interventionist these companies will just move out of the US. He knows that.

Will we lose business to the US..we have since 1867...we are dependent on the US economy, we let it buy out most of our businesses so they already move our employees at will.

What Trudeau has shown is he has no clue about economics. He has managed to cripple Canada for hundreds of years with an out of control deficit. The interest rate on the deficit he has triggered is so large and compounds that it becomes unable to be paid back and adds to the deficit by itself. Its a dangerous spiral he has triggered and such phenomena trigger recessions, let alone panic with outside investors looking to Canada.

Trudeau has basically done two things. He has tried to say running up huge deficits is no  big deal and in fact repeatedly lied about the size of deficit he created to a public and media that seem uninterested on the implications of that size. He has also signalled he thinks China is our panacea and if we lose business to the US we can just trot on over to China.

Well China is even more protectionist and unreasonable to deal with than the US and will eat up the naïve Trudeau and the drunk McCallum he sent to China. What a joke that was. If you know anything about Chinese business people they are neat and conservative and ruthless. Sending a dishevelled alcoholic to represent Canada has already started a whisper campaign in Peking. You want to do business with Chinese, start by being sober. Then have a clean suit, proper posture, and an intense focus on production cycles, numbers and profit margins. These are people who want numbers and systems in place. They do not risk take, they do not gamble, they work in 5, 10, 15, 20 year forecast periods.

Canada is better off if it can concentrating on US, European, South American markets as much as it can and other Asian markets like India, South Korea, Japan, Taiwan, Vietnam. not just China.

As for Trump he has signalled that he believes the European Union is disintegrating and no longer relevant. He has said the same thing about NATO and at  one level he is right.

The big threat to the world is not Russia, its China in the sense that China is the no.1 economy not no.2, and controls all debt flows  in all countries of the world and has created debt imbalances in its favour across the world. China is the no.1 world power based on trade. Its ruthless, it uses its Communist party organ and government control to create unfair trading practices to give it advantage when it exports. It has flooded the world with cheap, inferior, disposable products that we consumers across the world have allowed ourselves to become dependent on.

Trump is basically just saying that. He says a lot of crap too yes, but that is what he is saying.

Now whether he self destructs pissing off minorities, women, China, I do not know nor do you but the economic transformation is far bigger than him. Its a world where Obama was just not capable of functioning. Obama may have been an eloquent speaker, but business was not his domain. For the brief time he was a community organizer, ironically he had no idea how to encourage setting up  businesses in the communities he supposedly advocated for.

Now you and I do not know who is manipulating the world markets and how much of the US economy or ours can pull out of foreign control or not. We do not know. You can go on the internet and read conspiracy theories about the Masons-Illuminati-shape shifting Zionist aliens from outer space behind it all, but the real powers that be donèt and wonèt reveal themselves. We do know the oil cartel has been given the US State Department, and interestingly Commerce was given to the very people Trump accosted Hilary Clinton for getting into bed with, i.e,, Goldman, Sachs.

I doubt you are going to see any immediate changes or differences. Yes he says he will repeal the Obamacare bill but that is all hot air, even if he gets the Senate and House of Representatives to repeal it, they can not get rid of it until they replace it with something else. Legally they can not just say poof to it.

In regards to foreign policy, how much will change..well for sure the doctrines and policies of Zbigniew Brezinksi originally the National Security advisor to Jimmy Carter which are the entire basis of Obama policy on the Middle East and Russia are out the toilet now. What comes next is probably a return to Ronald Regan like foreign policy dictated by playing nice and friendly to the oil suppliers in Russia, and the Middle East.

I predict real friction between economic policies coming from the US which will collide not just with China but Japan, South Korea and the European Union if it does not crumble.

Within the near future Italy is going the way of Greece. Italy, Greece and Spain are all bankrupt. France is riding a wave of unprecedented right wing politics threatening to vote in a right wing anti European Mme. La Penn. Germany is also facing an up coming election where Frau Merkel may be replaced by a right winger.

Trump may be the tip of the iceberg in terms of countries other than Canada shifting to the right.

They say Canada is always 8 years behind the US in terms of who we elect, i.e., we just put in an Obama type leader as there Obama was jettisoned. By the time we have our backlash and put in a right winger, the US will be back to some new Obama clone.

Any way you slice it, Trudeau has destabilized Canadian economy and his days of photo ops and grinning baboon smiles are coming to an end as reality kicks in.

 

[Argus]

10 hours ago, The_Squid said:

There are pros/cons

Being a resource exporting economy, exports benefit. ...   but purchasing power of Canadians go down.

To some extent, but what do most Canadians purchase the most of? Rents/mortgages, which won't be impacted. Electricity, which won't be impacted. Groceries, while will only be impacted in buying fresh fruit/vegetables from the US in the off season. Almost everything else is unnecessary. And to the extent other foreign currency goes down with ours as the US$ rises, most of that won't get more expensive either.

Edited January 22, 2017 by Argus

[Argus]

17 hours ago, Moonlight Graham said:

Why?

I get paid in US dollars. And about a third of my portfolio is in US stocks.

[Smallc]

9 hours ago, blueblood said:

And when the dollar is higher or at par one can cross the line and buy American products.  Buying machinery or vehicles sucks right now.  As does taking trips down south.

That's generally good for Canada, except for the importing part.  We don't want dollars crossing the line in that direction as a general rule.

[blueblood]

40 minutes ago, Smallc said:

That's generally good for Canada, except for the importing part.  We don't want dollars crossing the line in that direction as a general rule.

That would be all fine and good except that we depend on the USA for their products, inventions, and locations which results in our high standard of living.  Machinery, vehicles, tech, vacations, products.  As argus points out in his post things that are basic are covered by our low dollar - food which we produce a lot of, shelter - we build those, electricity - well that one is up in the air as oil is priced in US dollars and energy is priced based on that.  But as far as things that actually improve our living standards, they are typically made in the USA or are priced at US dollars.  Unfortunately for us, the USA out innovates, out produces us.  Not only that, the commodities we use to make the few things that we do are priced in USA dollars which in essence a low dollar hurts in that regard.

ideally Canada wins with a higher dollar and yet continues to grow its exports.

[Smallc]

That hasn't happened though.  Our best years were under a dollar that is below par.  It's good to be back there.  The economies in Ontario, Quebec, and BC are actually recovering as a result.  

[blueblood]

4 minutes ago, Smallc said:

That hasn't happened though.  Our best years were under a dollar that is below par.  It's good to be back there.  The economies in Ontario, Quebec, and BC are actually recovering as a result.  

BC was never a laggard period high dollar or low dollar.  Ontario and Quebec are growing based on massive debt which isn't sustainable.  If trump enacts his campaign promises, the party is over in central Canada unless they can start exporting to Europe through the ceta (on a side note that's why I believe that energy east should be approved asap)

[Smallc]

4 minutes ago, blueblood said:

BC was never a laggard period high dollar or low dollar.  Ontario and Quebec are growing based on massive debt which isn't sustainable.  If trump enacts his campaign promises, the party is over in central Canada unless they can start exporting to Europe through the ceta (on a side note that's why I believe that energy east should be approved asap)

I think you'd better check again - Quebec has a balanced budget., and thanks to higher growth, Ontario's deficit is almost gone.  Trump isn't going to do half of the things he said, so I'm not all that concerned.  Even if he blew up NAFTA, the FTA would still be in force.

Edited January 22, 2017 by Smallc

[blueblood]

6 minutes ago, Smallc said:

I think you'd better check again - Quebec has a balanced budget., and thanks to higher growth, Ontario's deficit is almost gone.  Trump isn't going to do half of the things he said, so I'm not all that concerned.  Even if he blew up NAFTA, the FTA would still be in force.

I'm concerned about higher growth in Ontario due to a housing bubble.  Quebec still has a lot of debt to pay off that accumulated before.

there are things that trump is going to do that will make us less competitive such as lowering the corporate tax rate, not implementing a carbon tax, and opening the spigots on energy.   On top of that his meddling in the market (not good in the long run) is telling companies to invest in the USA vs elsewhere.

like I've said I believe Ceta will be very beneficial to eastern Canada and putting an oil pipeline there will help lower fuel costs for them.  

[Smallc]

1 minute ago, blueblood said:

there are things that trump is going to do that will make us less competitive such as lowering the corporate tax rate, not implementing a carbon tax, and opening the spigots on energy.   On top of that his meddling in the market (not good in the long run) is telling companies to invest in the USA vs elsewhere.

I'll believe those things when I see them.  He's still got to lower corporate taxes a lot before he gets to where we are, anyway. 

[blueblood]

Just now, Smallc said:

I'll believe those things when I see them.  He's still got to lower corporate taxes a lot before he gets to where we are, anyway. 

Trump is betting on economic growth to get the country's finances back in order and is willing to spend a trillion through tax cuts and infrastructure spending to do it.

had Hillary won, Ontario and Quebec would be in a lot better shape as they would still be competitive.

[Smallc]

They are still competitive - nothing has changed yet.

[overthere]

I am surprised that nobody has commented on a prime reason for low or high values of currencies, and the relativity between them.  Money markets globally comment every second on their confidence in the economy of all countries via trading in those currencies.  Short term volatility is speculation.  Longer swings are a reflection of the confidence or lack of confidence in the overall economy relative to other economies.

 

Interpret the current values in Canada and USA accordingly.

[taxme]

3 hours ago, Rue said:

Careful they have non white people in those countries Taxme. Listen on a serous note, the higher the federal or provincial taxtes, deficit, or the more regulations there are,  the less confident foreign investors are in the Canadian dollar and for that matter Canadian stocks and even investing in Canadian businesses. That correlation is always there.

What we also see is the Bank of Canada that chooses to artificially ignore the market place and keep interest rates very low and the dollar low in any way it can. It does so because the reasoning is since we are so heavily dependent on exports to the US, keeping the dollar low, makes us cheaper for Americans to buy and less likely to  buy from other Americans or other countries.

Canada  has failed to divest itself on virtual dependence on the US economy. There is panic now, because if Trump does invoke protectionist policies  it would negatively impact on Canadian export prices going into the States making American products as competitive or more competitive depending on how far he wants to go.

However we also have to get real. A US President and his powers (POTUS) are limited. The US constitution gives the Senate and House of Representatives equal powers to him when it comes to  making economic policies.As well each state in the US within its state only, like provinces in Canada within their province only, has jurisdiction over many economic policies. Cross border or inter-state trade in the US like cross-border and inter-provincial trade, becomes federal in jurisdiction and this overlaps with state or provincial powers and whether you are a President, Prime Minister, Governor Senator you still have to work with your elected assemblies to pass bills.

At the present time both the House of Representatives and Senate are majority Republican but remember Trump may call himself Republican but in fact he is an independent and the closet model we have to his not being directly attached to Republicans or Democrats  is the only independent President in US history Theodore Roosevelt who some say was the greatest or one of the greatest US Presidents in terms of economic innovations.

I hate to compare the two but Teddy Roosevelt as brash, down right rude, like Trump a bug mouth blabber, and like Trump he had a very short attention span, quick temper, and said what was on his mind and to hell with political correctness.

So before we jump to conclusions about Trump you may want to look at Teddy Roosevelt to see if there is any parallel.

Trump will get certain bills passed because the majority Republicans say so. However remember, many US states depend heavily on trade with Canadian provinces. If Trump goes to far it would negatively impact on their ability to  trade.

I think therefore predictions of doomsday attacks from Trump on our trade is premature. Rhetoric and actual policy are two different things and what we have seen from Trump when running businesses is he does not directly manage either at the macro or micro levels-he delegates and as long as he can get credit and look good he really does not care what else happens.

I do think he wants business back in the US. I do not think he is a champion of the underclass workers. However the people he champions,elite business owners and US corporations do hire and employ Americans who then pay taxes and he is right in the simple sense that if you drive business out of the US people do not work and therefore pay taxes.

A classic case study is Ontario and soon to be all of Canada. Excessive regulations and unrealistic regulations on business drive them out. Trump can sound all tough threatening corporations, etc., but if he becomes too interventionist these companies will just move out of the US. He knows that.

Will we lose business to the US..we have since 1867...we are dependent on the US economy, we let it buy out most of our businesses so they already move our employees at will.

What Trudeau has shown is he has no clue about economics. He has managed to cripple Canada for hundreds of years with an out of control deficit. The interest rate on the deficit he has triggered is so large and compounds that it becomes unable to be paid back and adds to the deficit by itself. Its a dangerous spiral he has triggered and such phenomena trigger recessions, let alone panic with outside investors looking to Canada.

Trudeau has basically done two things. He has tried to say running up huge deficits is no  big deal and in fact repeatedly lied about the size of deficit he created to a public and media that seem uninterested on the implications of that size. He has also signalled he thinks China is our panacea and if we lose business to the US we can just trot on over to China.

Well China is even more protectionist and unreasonable to deal with than the US and will eat up the naïve Trudeau and the drunk McCallum he sent to China. What a joke that was. If you know anything about Chinese business people they are neat and conservative and ruthless. Sending a dishevelled alcoholic to represent Canada has already started a whisper campaign in Peking. You want to do business with Chinese, start by being sober. Then have a clean suit, proper posture, and an intense focus on production cycles, numbers and profit margins. These are people who want numbers and systems in place. They do not risk take, they do not gamble, they work in 5, 10, 15, 20 year forecast periods.

Canada is better off if it can concentrating on US, European, South American markets as much as it can and other Asian markets like India, South Korea, Japan, Taiwan, Vietnam. not just China.

As for Trump he has signalled that he believes the European Union is disintegrating and no longer relevant. He has said the same thing about NATO and at  one level he is right.

The big threat to the world is not Russia, its China in the sense that China is the no.1 economy not no.2, and controls all debt flows  in all countries of the world and has created debt imbalances in its favour across the world. China is the no.1 world power based on trade. Its ruthless, it uses its Communist party organ and government control to create unfair trading practices to give it advantage when it exports. It has flooded the world with cheap, inferior, disposable products that we consumers across the world have allowed ourselves to become dependent on.

Trump is basically just saying that. He says a lot of crap too yes, but that is what he is saying.

Now whether he self destructs pissing off minorities, women, China, I do not know nor do you but the economic transformation is far bigger than him. Its a world where Obama was just not capable of functioning. Obama may have been an eloquent speaker, but business was not his domain. For the brief time he was a community organizer, ironically he had no idea how to encourage setting up  businesses in the communities he supposedly advocated for.

Now you and I do not know who is manipulating the world markets and how much of the US economy or ours can pull out of foreign control or not. We do not know. You can go on the internet and read conspiracy theories about the Masons-Illuminati-shape shifting Zionist aliens from outer space behind it all, but the real powers that be donèt and wonèt reveal themselves. We do know the oil cartel has been given the US State Department, and interestingly Commerce was given to the very people Trump accosted Hilary Clinton for getting into bed with, i.e,, Goldman, Sachs.

I doubt you are going to see any immediate changes or differences. Yes he says he will repeal the Obamacare bill but that is all hot air, even if he gets the Senate and House of Representatives to repeal it, they can not get rid of it until they replace it with something else. Legally they can not just say poof to it.

In regards to foreign policy, how much will change..well for sure the doctrines and policies of Zbigniew Brezinksi originally the National Security advisor to Jimmy Carter which are the entire basis of Obama policy on the Middle East and Russia are out the toilet now. What comes next is probably a return to Ronald Regan like foreign policy dictated by playing nice and friendly to the oil suppliers in Russia, and the Middle East.

I predict real friction between economic policies coming from the US which will collide not just with China but Japan, South Korea and the European Union if it does not crumble.

Within the near future Italy is going the way of Greece. Italy, Greece and Spain are all bankrupt. France is riding a wave of unprecedented right wing politics threatening to vote in a right wing anti European Mme. La Penn. Germany is also facing an up coming election where Frau Merkel may be replaced by a right winger.

Trump may be the tip of the iceberg in terms of countries other than Canada shifting to the right.

They say Canada is always 8 years behind the US in terms of who we elect, i.e., we just put in an Obama type leader as there Obama was jettisoned. By the time we have our backlash and put in a right winger, the US will be back to some new Obama clone.

Any way you slice it, Trudeau has destabilized Canadian economy and his days of photo ops and grinning baboon smiles are coming to an end as reality kicks in.

 

 

I don't know as to why you had to throw that in about my being careful about those countries having non-white people living in them. I know that those countries have non-white people who are in the majority of their population, and I have no problem with it. I found all to be very nice people when I have visited many of those countries. I just hope that the population of zionists living in those countries is next to nil. The fewer the better for any country. 

I was listening to Kevin O'Leary on CTV news this morning, and I believe that he is the Trump that Canada needs to get Canada out of it's recession. Trudeau/liberals never will. Trudeau wants to still hang on to his papas legacy of more useless government outfits.Multiculturalism, bilingualism, foreign-aid and flooding Canada with refugees(economic migrants) is not the way to go. Those programs and agendas alone are bringing Canada down along with thousands of rules regulations and taxes that are hurting small business, and the Canadian people. How the liberals went from third place to first place is beyond me. I guess it just shows that most Canadians don't know much about politics and how the system works. Most of the young cellphone people probably voted for him because to them JT looked cute. We need a Trump person as PM like O'Leary in Canada, not more fake and phony politicians who are only good at talking the talk but will not walk the walk. It is the same old, same old with those politicians. 

[taxme]

18 minutes ago, blueblood said:

Trump is betting on economic growth to get the country's finances back in order and is willing to spend a trillion through tax cuts and infrastructure spending to do it.

had Hillary won, Ontario and Quebec would be in a lot better shape as they would still be competitive.

In what way would Ontario or Quebec be more competitive? 

[blueblood]

7 minutes ago, Smallc said:

They are still competitive - nothing has changed yet.

Yet being the key word...

[Smallc]

Things aren't until they happen.  It's not like Canada or its provinces will stand still in the face of them.