Holy shit - Canadian dollar down to $0.86 v USD and dropping

[2MuchMark]

Holy shit - Canadian dollar down to $0.86 v USD and dropping

Canadian dollar slumps below 86¢ amid oil bust - The Globe and Mail

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[Kenny B!]

Go USD GO!

[PR_Glen]

our dollar being on par with the US did us zero good from what I could tell. we've had bigger booms with lower dollars before.

[incredibleworkethic]

Keep it going.

[sperbonzo]

Might be time to take a long weekend in Toronto soon. :-)



.

[RebelR]

Economists say it will bottom out around 85 cents. Oil and our housing market has kept it pretty insulated from the global economic downturn. Certainly better when converting USD to CAD

[dyna mo]

Time for Canada to embrace alternative energies so oil price fluctuations dont' impact you loonies.

[WDF]

But it does nothing for my OVH bill!

[chronik]

if you work online, you should be making money in USD and should be liking this

anyone that buys anything online is American, can't make shit from any other country... USD go way way up !! against CAD or any other currency. Make money in USD from US customers and live anywhere else on the planet = win

[2MuchMark]

Originally Posted by Kenny B!

Go USD GO!

'zactly!

Originally Posted by PR_Glen

our dollar being on par with the US did us zero good from what I could tell. we've had bigger booms with lower dollars before.

Trust me, I'm not complaining at all... this is awesome for us.

Originally Posted by incredibleworkethic

Keep it going.

Go go go!

Originally Posted by dyna mo

Time for Canada to embrace alternative energies so oil price fluctuations dont' impact you loonies.

Quiet, bitch!

Originally Posted by chronik

if you work online, you should be making money in USD and should be liking this

anyone that buys anything online is American, can't make shit from any other country... USD go way way up !! against CAD or any other currency. Make money in USD from US customers and live anywhere else on the planet = win

Trust me, I'm loving it.

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[the Shemp]

Originally Posted by **********

Holy shit - Canadian dollar down to $0.86 v USD and dropping

Canadian dollar slumps below 86¢ amid oil bust - The Globe and Mail

..
.

that's awesome ...

[dyna mo]

**********, always about what the other guy can do to save the planet.


I couldn't give shit other than pointing that out, so enjoy your bitch slapped loonie this christmas while we're cashing in!

in the meantime, seriously, Canada needs to embrace alt energies so this shit doesn't happen. funny thing? USA is embracing so much alt energy these days our economic # are no longer associated with oil stats.

'Merica, Fuck Yah!

[shoot twice]

Originally Posted by chronik

if you work online, you should be making money in USD and should be liking this

anyone that buys anything online is American, can't make shit from any other country... USD go way way up !! against CAD or any other currency. Make money in USD from US customers and live anywhere else on the planet = win

Yup.. well you can make a buck but it's a pain

[hadden]

I need to find a new forex site, this market is insanely predictable.

[pornguy]

Originally Posted by sperbonzo

Might be time to take a long weekend in Toronto soon. :-)



.

Better do it fast as they wont hold prices low for long.

The prince increase here in the stores is staggering.

we are right now at 14.4 to one Mexican peso against the dollar.

[klinton]

Originally Posted by dyna mo

in the meantime, seriously, Canada needs to embrace alt energies so this shit doesn't happen. funny thing? USA is embracing so much alt energy these days our economic # are no longer associated with oil stats.

'Merica, Fuck Yah!

fracking is alternative energy?

[dyna mo]

Originally Posted by klinton

fracking is alternative energy?

where did I mention fracking?



fyi, fracking is a technology for getting oil and gas out of the ground, it's not an energy at all.

hope that helps!

[Freedom6995]

.80 wouldn't surprise me...not that I'm complaining at .86

[2MuchMark]

Originally Posted by dyna mo

**********, always about what the other guy can do to save the planet.


I couldn't give shit other than pointing that out, so enjoy your bitch slapped loonie this christmas while we're cashing in!

in the meantime, seriously, Canada needs to embrace alt energies so this shit doesn't happen. funny thing? USA is embracing so much alt energy these days our economic # are no longer associated with oil stats.

'Merica, Fuck Yah!

LOL Bitch, get off your high horse and calm down. Once again, you don't know me or understand me at all, so please stop talking for me. You just make yourself look like an asshole.

Here's my responses to your stupid comments:

Originally Posted by dyna mo

**********, always about what the other guy can do to save the planet.

First this thread isn't even about that. And second I don't care what others do, I care about what I do. Did I ever tell you to buy electric? No because you told me once that you take the bus and ride your bike, and that's fantastic. Public transport and bikes are great for the environment.

Originally Posted by dyna mo

I couldn't give shit other than pointing that out, so enjoy your bitch slapped loonie this christmas while we're cashing in!

LOL, It's us Canadians, who export technology, services and content, you stupid shit for brains, who are cashing in. Every $100 you spend is currently $115 for us. How are you even in any business without understanding that?

Originally Posted by dyna mo

in the meantime, seriously, Canada needs to embrace alt energies so this shit doesn't happen. funny thing? USA is embracing so much alt energy these days our economic # are no longer associated with oil stats.

'Merica, Fuck Yah!

Lol! Your brain must be jello for lack of use. The US is trying to embrace alt energy but there are still republicans in office doing their best to block it. And of course your economy, just like the rest of the world, is affected by oil prices. WTF I thought you knew this? Oh well. Ass handed to you on a plate again.

Toots bitch!

[2MuchMark]

Originally Posted by klinton

fracking is alternative energy?

Dynabitch doesn't understand. He tries, but..

[dyna mo]

as I stated:

?Oil demand and GDP growth used to go hand in hand,? said Christopher Knittel, a professor of applied economics at Massachusetts Institute of Technology?s Sloan School of Management. ?Now, they?re in some ways almost independent of each other because of investments in fuel economy that tended to break the link.?

U.S. Renewable Energy Growth Accelerates


Geothermal energy is poised to double in the United States, with 4,000 MW of capacity under construction.
Renewable energy markets surged in the United States despite uncertainty over federal tax credits and a sluggish national economy, according to mid-year figures.

Wind, solar, and geothermal energy are all on the rise. At least 17,000 megawatts (MW) of these three energy sources are now under construction. According to the Energy Information Administration, renewable energy will account for about one-third of new electricity generation added to the U.S. grid over the next three years.

Wind energy is leading the way with 19,500 MW of installed capacity at mid-year, including more than 1,000 MW added in the last six months. The American Wind Energy Association (AWEA) second-quarter report [PDF] predicts that total additions for the year will come to 7,500 MW, boosting U.S. wind capacity by 45 percent. In Texas alone, more than 4,200 MW of wind capacity has been installed this year or is currently under construction. Iowa is in second place with 1,770 MW.

Geothermal energy is expanding as well, although at a slower rate. Nearly 3,000 MW is currently on-line and about 4,000 MW is under development, the U.S. Geothermal Energy Association said in its August report [PDF]. Nevada is the hotbed for U.S. geothermal, with as much as 1,900 MW in different phases of development. At a government auction last week, a record $28.2 million of leases was sold for geothermal energy exploration, which suggests that additional projects may soon begin.

While U.S. solar energy data for 2008 are not yet available, last year's Solar Energy Industries Association report [PDF] said demand for photovoltaic (PV) panels, concentrated solar plants, and solar water heaters continues to expand. An additional 150 MW of PV panels were installed last year, 45 percent more than in 2006. Less than 500 MW of concentrated solar power - utility-scale solar plants that use mirrors to produce heat for power generation - is operational, but another 4,000 MW is in the works.

[GAMEFINEST]

Yeah I saw that too

[The Porn Nerd]

So....time to come to Canada and tour the strip clubs, eh?

[2MuchMark]

Originally Posted by The Porn Nerd

So....time to come to Canada and tour the strip clubs, eh?

Yes for sure. Convert your money first though because strip clubs only offer about 5%. Most of the clubs are contact clubs too. I recommend Wandas in the centre of downtown Montreal.

Enjoy!

[dyna mo]

Originally Posted by **********

Dynabitch doesn't understand. He tries, but..

dynabitch? I'da gone with something more clever like dyna schmoe, you know, because that actually stems from my nic

[420]

yo it's dyna momo

/driveby

[dyna mo]

[dyna mo]

Originally Posted by 420

yo it's dyna momo

/driveby

now that is clever!

well done

[dyna mo]

The slide in oil prices will probably cut Canadian economic growth by 1/3 of a percentage point in 2015, not the 1/4 point the Bank of Canada estimated in late October, bank Governor Stephen Poloz told Reuters on Friday.

He was speaking on the sidelines of an International Monetary Fund forum in Santiago two days after he held the central bank's policy rate steady at 1 percent. In the interest rate decision, he pointed to the stimulative impact of U.S. economic strength but also to the chilling effect on Canada, a major oil exporter, of cheaper crude.

"When we're predicting growth somewhere between 2 and 2.5 percent, 0.3 (the percentage point reduction from oil) or thereabouts is an important factor. That's downside risk," Poloz said in Santiago.

On Oct. 29, he had estimated the effect of the lower oil price on economic growth to be a quarter point, but prices have continued to slide since then.

He said that while lower oil is negative for the Canadian economy, it is a little positive for the United States, and that it has a spillover effect in the form of stronger U.S. demand for Canadian goods. But the U.S. economy is performing well independently of the oil price, he said, and the lower Canadian dollar is also helping to lift Canadian growth.

[dyna mo]

In the past five years, sales by U.S. renewable-energy companies increased at a 49 percent annual rate, while sales by oil, gas and coal companies climbed 9.4 percent. Renewable-power production rose to a record 252 million megawatt-hours in 2013, data compiled by Bloomberg show. Oil generated 13 million megawatt-hours, down 88 percent since 2003.

[klinton]

Originally Posted by dyna mo

fyi, fracking is a technology for getting oil and gas out of the ground, it's not an energy at all.

hope that helps!

and how are these renewable/alternative energy sources ?

from wikipedia:
"Renewable energy in the United States accounted for 12.9 percent of the domestically produced electricity in 2013,[1] and 11.2 percent of total energy generation"

is it a lot ?

[klinton]

Originally Posted by 420

yo it's dyna momo

/driveby

[dyna mo]

Originally Posted by klinton

and how are these renewable/alternative energy sources ?

from wikipedia:
"Renewable energy in the United States accounted for 12.9 percent of the domestically produced electricity in 2013,[1] and 11.2 percent of total energy generation"

is it a lot ?

it's primarily wind and solar then geothermal.
I would guess not. But the important parts are 1) we are trending towards more & more renewable energy sources as the statistics show, so while it may be 11-12% today, that # is going in the right direction - up. 2) the combination of several things, including using alt energy is what has separated the gdp and oil consumption link. We are becoming a much more efficient 'Merica, fuck yah!

[dyna mo]

this is what I mean, oil production is a huge part of canada gdp.

while you use alt energies at home, your gdp is massively tied to oil production, that's going to be a problem.

[klinton]

Originally Posted by dyna mo

it's primarily wind and solar then geothermal.
I would guess not. But the important parts are 1) we are trending towards more & more renewable energy sources as the statistics show, so while it may be 11-12% today, that # is going in the right direction - up.

and that's ok and very good, it is the energy that doesnt poison planet and the others

[DBS.US]

I didn't even know Canada had real money, I bought they just traded beaver pelts and bottels of molasses

[rabbit]

the trend has been in the making since 2013. lower gold & oil prices only made it accelerate. now Canada is facing a recession due to the end of a very long secular commodity bull market AND a looming real estate crisis. a double whammy coming up. and all of us running operations in Canada while getting revenue in USD are going to look like kings for years to come. I'm glad I rode out the low in the CAD/USD in 2010-2012 instead of shifting more operations to the US when it seemed to make sense. too bad for everyone else living here though...

[directfiesta]

Originally Posted by WDF

But it does nothing for my OVH bill!

They bill in USD ???

Surprised you would have a French company as your host

[bronco67]

This means that for every six French Canadian escorts you fuck, one will be like getting a freebie.

[2MuchMark]

Originally Posted by dyna mo

this is what I mean, oil production is blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah

Originally Posted by DBS.US

I didn't even know Canada had real money, I bought they just traded beaver pelts and bottels of molasses

We're very advanced. We even have not one but 2 television networks now.. !

[fappingJack]

Originally Posted by bronco67

This means that for every six French Canadian escorts you fuck, one will be like getting a freebie.

[brassmonkey]

Originally Posted by **********

Dynabitch doesn't understand. He tries, but..

[JFK]

Originally Posted by the Shemp

that's awesome ...

[Ramster]

Originally Posted by dyna mo

The slide in oil prices will probably cut Canadian economic growth by 1/3 of a percentage point in 2015, not the 1/4 point the Bank of Canada estimated in late October, bank Governor Stephen Poloz told Reuters on Friday.

He was speaking on the sidelines of an International Monetary Fund forum in Santiago two days after he held the central bank's policy rate steady at 1 percent. In the interest rate decision, he pointed to the stimulative impact of U.S. economic strength but also to the chilling effect on Canada, a major oil exporter, of cheaper crude.

"When we're predicting growth somewhere between 2 and 2.5 percent, 0.3 (the percentage point reduction from oil) or thereabouts is an important factor. That's downside risk," Poloz said in Santiago.

On Oct. 29, he had estimated the effect of the lower oil price on economic growth to be a quarter point, but prices have continued to slide since then.

He said that while lower oil is negative for the Canadian economy, it is a little positive for the United States, and that it has a spillover effect in the form of stronger U.S. demand for Canadian goods. But the U.S. economy is performing well independently of the oil price, he said, and the lower Canadian dollar is also helping to lift Canadian growth.

Originally Posted by dyna mo

In the past five years, sales by U.S. renewable-energy companies increased at a 49 percent annual rate, while sales by oil, gas and coal companies climbed 9.4 percent. Renewable-power production rose to a record 252 million megawatt-hours in 2013, data compiled by Bloomberg show. Oil generated 13 million megawatt-hours, down 88 percent since 2003.

You keep quoting OIL prices and trends and whatnot and the thread was started in relation to the CANADIAN DOLLAR vs USD. As Canadians we are VERY HAPPY the dollar is going down. It is good for all of us that work online, it is good for Canadian exports and it is great for tourism which took a massive hit when the Canadian dollar was on par with the US.

[dyna mo]

Originally Posted by Ramster

You keep quoting OIL prices and trends and whatnot and the thread was started in relation to the CANADIAN DOLLAR vs USD. As Canadians we are VERY HAPPY the dollar is going down. It is good for all of us that work online, it is good for Canadian exports and it is great for tourism which took a massive hit when the Canadian dollar was on par with the US.

there's not a single currency expert I've read that thinks a slumping/falling/crashing loonie is a good thing.


tourism = 2% canada gdp, that's insignificant.

but hey, keep thinking a crashing loonie is a good thing, I couldn't care less.

[dyna mo]

Originally Posted by Ramster

You keep quoting OIL prices and trends and whatnot and the thread was started in relation to the CANADIAN DOLLAR vs USD. As Canadians we are VERY HAPPY the dollar is going down. It is good for all of us that work online, it is good for Canadian exports and it is great for tourism which took a massive hit when the Canadian dollar was on par with the US.

the part you are not getting is the simple fact that it's bad news for your currency to suffer violent swings in value like this, I've been pointing out the reason for that violent swing is due to your being locked in to selling oil as a huge part of your GDP.

[dyna mo]

Originally Posted by brassmonkey

I know you're colored but that's no longer a valid excuse for not being able to read.

learn to read, then come back and read this thread then gofuckyourself.

[PornDiscounts-V]

Hallmark will make millions on this.

[dyna mo]

Originally Posted by Ramster

You keep quoting OIL prices and trends and whatnot and the thread was started in relation to the CANADIAN DOLLAR vs USD. As Canadians we are VERY HAPPY the dollar is going down. It is good for all of us that work online, it is good for Canadian exports and it is great for tourism which took a massive hit when the Canadian dollar was on par with the US.

Oil price drop means lost billions for Canada, CIBC says
Recent dive in oil prices 'an unprecedented development for the Canadian economy,' bank says

The dramatic decline in oil prices will cost Ottawa about $5 billion in lost revenue and provincial economies a little more than that, one of Canada's biggest banks suggested today.

That's one of the main takeaways from a CIBC report that attempts to quantify the impact of plunging oil prices on many aspects of Canada's economy.

"The recent dive in crude oil prices is an unprecedented development for the Canadian economy," the report by CIBC economists Avery Shenfeld, Peter Buchanan and Warren Lovely says.


There's a broad consensus that the declining price of oil is bad economic news for Canada, since the country has made major moves in the last decade or so to increase oil output and become a major global player in energy.

Oil price drop means lost billions for Canada, CIBC says - Business - CBC News

Happy Canadians are very happy about this news huh!

[PR_Glen]

Originally Posted by rabbit

the trend has been in the making since 2013. lower gold & oil prices only made it accelerate. now Canada is facing a recession due to the end of a very long secular commodity bull market AND a looming real estate crisis. a double whammy coming up. and all of us running operations in Canada while getting revenue in USD are going to look like kings for years to come. I'm glad I rode out the low in the CAD/USD in 2010-2012 instead of shifting more operations to the US when it seemed to make sense. too bad for everyone else living here though...

there is a lot of wishful thinking in here...

generally nothing is that dramatic, this current trend wont be either.