As US Riots decline, Canadian dollar retreats, Canada will get 170,000 fewer new immigrants, Bank of Canada to make rate announcement – June 3, 2020,
In the Liberal US States where most of the rioting and looting appeared, things appear to be subsiding now, which equates to the potentiality of a return to the new normal where the Leftist mainstream media tries to scare people into submission with constant 24/7 videos about deadly effects of COVID-19.
As protests nationwide continue past curfew, tension eases in some cities | washingtonpost.com
Clearly based on the protests in America and the looting, nobody cares about Government authority, people merely tolerate the government. This again is the reason why in my opinion people only vote Democrat for the Welfare and feeling of security, I never worry about humanity because I believe in God and quite frankly situations will fix themselves, these Liberal Supremacists only need to be discredited piece by piece so we can build a better world in which Government is an afterthought!
With that said, the Canadian dollar saw huge gains while America burned via the riots, and temporarily at least the Canadian dollar is retreating, which is good news for Canada’s central bank if it decides to lower interest rates or leave rates the same. Obviously the central bank of Canada is not going to raise interest rates now, so being honest about things, all I will be watching to see is if the Bank of Canada lowers interest rates.
Bank of Canada to make rate announcement on first day of Tiff Macklem’s term | cp24.com
I don’t see the Canadian central bank being of much importance for the next few years, even if the Bank of Canada goes negative, I personally do not care because you’d have to be an idiot at this point to hoard Canadian dollars in hopes of domestic appreciation. Even in the event the Canadian dollar rises next to US dollars, chances are the Canadian government whether it be Liberal or Conservative will punish Canadians for buying things in America.
Canada has entered into a territory in which it will be heavily reliant on foreign capital(again) the only difference being now is that the domestic population in Canada will have more private and government debt to service.
As a supporter of the People’s Party of Canada, I have mixed feelings about 170,000 fewer new immigrants because, Justin Trudeau is still rewarding Canadians for not working in a period in which productivity levels have fallen, so there is a huge price to pay for this and quite frankly I’m not sure how this will manifest itself! I see a lot of inflation to the Canadian dollar and potentially a decline in the Canadian dollar that has little to nothing to do with what the Bank of Canada does.
Most debts are denominated US dollars and as the Canadian dollar is stuck because of bad Justin Trudeau policies, I’m genuinely not sure what will happen, during a recovery, weird things happen at first, people sometimes forget why they stopped investing in Canada in the first place and they might accidentally invest in Canada, ignoring our horrible regulation environment this could lead to a temporary boost for the Canadian economy.
But as Justin Trudeau’s policies start to settle in and people and legal entities start to notice that America is a better investment, capital might start to flee Canada again. There are some good Canadian companies to invest in right now, but via Trudeau, a lot of Canadian companies will be stuck in the mud until Canadians vote out the Leftists.
China is also going to be hit with sanctions from multiple countries in the months ahead, and although China is fueling oil demand, Canada via Justin Trudeau is going to be left out for the most part, so there are a lot of deflationary measures that will occur in Canada, while life gets more expensive for Canadians.
China drives global oil demand recovery out of coronavirus collapse | reuters.com
Interesting times ahead!
