Loonie flat amid Canadian housing starts – June 2014 Analyst predicts lower loonie
As of July 9 2014 around 94 cent USD can get you $1.00 CAD however…
“portfolio manager Kash Pashootan said he believes the loonie is overvalued and should sit more at the high 80 cents US range.”
Now personally I think what’s keeping the Canadian dollar afloat is the fact that the Canadian dollar is high compared to the United States dollar. A lower Canadian dollar right now with these interest rates could be disastrous for Canadians you can read more about this by clicking the link below:
To learn more: Loonie flat amid Canadian housing starts – MSN
Will jobs return to Canada if our dollar lowers will more employers start hiring? With the Canadian housing market the way it is currently this would again make property values rise even higher than they are; which will create artificial inflation which Canadians are experiencing right now along with with real Inflation which could lead to hyperinflation. All of this is happening because of this unnecessary propped up housing market. Real estate affects the prices for everything and again whether directly or indirectly the Canadian taxpayer is on the hook for the bill.
A higher Loonie a higher Canadian dollar is what Canada needs right now not the other way around. Germany is doing quite fine with the Euro and the reason they’re doing fine is because they focus on educating their citizens and preparing them for high paying jobs in the work force which also has the effect to adding to more entrepreneurs because people who aren’t in debt typically have more financial options which means they’re more likely to take risks such as investing or starting their own business(es).
RIGHT NOW! Canada is in a great position but the Canadian government is squandering it for a real estate boom and real estate is only good if there are jobs and Canada is outsourcing jobs and at the same time LOSING jobs. Canada could be in such a better position right now if we took a better look at the German economy and at the very least took pieces of how they educate their citizens and applied it here.
Because Canada has far more natural resources and LAND than Germany does and if we spent more time and money on education and less on lessening the financial burden on our children when they go to college and also if we did a better job integrating apprenticeships into high schools so kids could have skills that would lead to higher paying jobs right out of high schools our economy would be unstoppable. In times you need to prepare for when the economy rebounds money doesn’t grow an economy entrepreneurs with innovative ideas and businesses grow the economy.
Renewable energies for example provide lots of new technological jobs. More Canadians with more money would also mean we could actually refine the dirty oil sands in Alberta RIGHT HERE IN CANADA! Instead we dig the oil out of Alberta and ship all of those profits right out of the country how dumb is this government? I personally thought being that Stephen Harper is an Albertan he would at the very least be smart enough to see how many potential jobs he’s THROWING AWAY!
I’m really disappointed with the direction canada is currently taking with this economy. Canadians at the very least should benefiting from the dirty oil sands of Alberta. Sure I’d like to see more renewable energies but at the very least we as Canadians should be profiting as a whole from the dirty oil sands. I’m disgusted by this government and their short sighted outlook on our children and the future of our economy. As leaders they’ve sold Canadians out to foreigners interests in our country!