This is the black swan event that is starting to look very real for the Canadian consumer.
If the Canadian dollar decisively breaks below US$0.70, technical traders could target significantly lower levels, potentially into the mid-to-high US$0.60s.
The Bank of Canada faces a difficult choice: raise rates to support the dollar and risk slowing an already weak economy(Stagflation), or tolerate a weaker dollar and accept higher imported inflation.
Years of weak productivity growth, persistent deficits, and policy uncertainty have all contributed to a weaker Canadian dollar. The result of 11 Years of policy failure and weak leadership.
There are winner, exporters of goods that sell in USD and pay wages in CDN. The wealthy that have most of their assets in USD. If you have debt in CDN and have offsets in USD, you win big.
The losers, and that is most of the population, meaning you.
It will be the person already struggling to get by, this will drive inflation.
This is the result of the govt spending.
This is important. A country's currency ultimately reflects investor confidence in its economy, fiscal discipline, productivity, and long-term policy direction.
A weaker Canadian dollar isn't just a number on a trading screen. It makes imported goods more expensive, fuels inflation, reduces purchasing power, and lowers Canadians' standard of living.
Currency markets are ultimately a vote of confidence in a country's economic direction.
The current polices are geared to benefit the few, and to hell with the masses, they are only good for votes.
China produces more emissions in 2 weeks than Canada does in a year, more in a year than Canada does in 2 decades, more in a decade than Canada has in its entire existence.
How naive must one be to believe that a carbon tax on Canadians will offset this?
“le he preguntando a chatgpt”
si? bueno yo lo he preguntado a Ra dios del sol creador de la vida y representante de la luz y el orden
y ha dicho que 𓂀𓋹𓁈𓃠𓆃☥𓅓𓆣
@TheUglyTruc3@JoeMcCarthyStan Pt 2. If you’d like to actually know about the birth of ashkenaz jewry i would recommend you start with the Gaul’s invasion of Rome near the beginning of it’s collapse and then figure out where the Roman populations spread to thereafter. Jews would have been some % of that.
@TheUglyTruc3@JoeMcCarthyStan We have entire holidays which predate the creation of the other abrahamic religions about those exiles from Judea/Samaria and enslavement and later freedom from those empires.
@TheUglyTruc3@JoeMcCarthyStan I mean Ashkenazi jews as an ethnic group didn’t exist until way after those periods but let me have claude do a bit of a dive into the historically claimed facts on these periods. Also w.r.t the persian jew populations (that would be greater assyria and babylonian jews)