The Loonie is the lowest it has been in 15 years, a barrel of gas is trading for less than $30 -- compare these factors against the rising U.S. greenback and you get one gloomy economic forecast. However, there is one section of our economy that seems to be unaffected, as real estate is showing little signs of slowing down.
How many times did we hear the media complain that the Conservatives used talk points all the time, often reading them from prepared scripts? We are now starting to see the Liberals doing the same thing. When asked about the need to get our downward spiraling economy moving, Trudeau's stock answer was, "We are going to do this right. We are going to do this responsibly." The only thing lacking was a piece of paper while he read the answer. For the party that promised to do things differently, it is much of the same. We haven't seen anything concrete to address the sinking dollar or get the economy moving.
A weaker Canadian dollar poses a threat to imported inputs to Canada's production machine, and to future Canadian investments abroad. But the soaring U.S. dollar isn't the only currency in play. Movements in other currencies are less dramatic. Perhaps this is an opportunity to scan the globe both for inputs to our production process and for direct investment undertakings in less-traditional markets.
TORONTO - The Canadian dollar hit fresh, multi-year lows Friday as November's economic data came in worse than expected.The loonie finished well off e...