MilEME09
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People complaining about media talking about pierres leadership in 3.....2.....1
Liberal (Minority/Majority) Government 2025 - ???
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Find me a place that hasn’t.
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Did you read the announcement?
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If there was animosity involved, the Coach likely wouldn't have shared the letter this way on the socials.
ArmyRick
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If said media chalks up Larry departure to Pierre's "Leadership" then hell yes, we will say something. Larry thanked the party leader and received words in kind from Pierre.
If the MSM tries to spin this, then our suspicions will be correct.
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Why do we need to?
ArmyRick
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There are many in Canada who believe we are "hurting the USA" and fighting back, this podcast covers a view that we are most likely not.
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We are applying pressure where we can, tourism, alcohol sales, and enduring what we must.
But at the end of the day, what's better, hurting the USA or doing well for ourselves?
Our GDP is growing faster than theirs.
Our inflation is lower.
Our levels of foriegn investments is at decade highs.
Our manufacturing sector is showing signs of strength.
Our trade surplus is growing.
Our federal financial picture is improving.
Our bond yields are stable and amongst the best in the G7.
It comes to a point of who the hell cares what the USA is doing, we are doing very well for ourselves. As for CUSMA, who cares? Mexico has been nothing but appeasing to the USA and they don't have a deal. We have decided to be antagonistic and we don't have a deal. Turns out, nobody was going to get a deal and the Americans are not acting in good faith, so continue to diversify until the situation in washington changes.
ArmyRick
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Thats all I care about. Good view point.
Thats debatable according to the views of different economist but one common theme I have heard from these different view points is that the American GDP is monstrous compared to ours, so while our growth may be faster, its in relation to our own economy.
Caution. It has been pointed out by some economist that some foreign investors are buying up Canadian companies and moving them out of Canada.
We are losing more than we are gaining in manufacturing
At the expense of a weaker loony
I agree in that I don't give a damn how the USA does but how we are doing, however that is a very naive statement to say we are doing well for ourselves
Indonesia, India, Taiwan, Cambodia, The UK to name a few. Mexico is much further along in their negotiations. Ignoring the USA is NOT an option. They can devastate our economy if they get really nasty regardless of what YOU to choose to believe.
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I think it's what we all want.
Yeah, the American economy is always going to be monstrous compared to ours, that's not really a metric we need to monitor. Theirs could collapse in half tomorrow and ours could double and theirs would still be monstrous compared to ours.
Which is why we tend to look at growth. The American economy, while spending almost 6 percent of GDP in deficit spending which should act as a massive sugar rush to their economy, is growing at half the rate ours is at present.
A lot of it has been in stocks and bonds, not buying up Canadian companies. This is just money moving into the Canadian financial sector, leading to a bigger pool of investment dollars for Canadian entrepeneurs.
Canadian manufacturing sector has had 7 straight months of growth, lead by domestic consumption.
This is one of those things people said to wait out on, because it would bear fruit later and we would see the results of....well, around now.
Meanwhile the American manufacturing sector is shedding jobs since liberation day.
Which is fine, it helps soften the effects of on tariffs. Canadian exports reaching record highs, and a trade surplus to boot is what a lower dollar allows us to do.
On all those metrics we are objectively doing better as a country, not just against the USA, but in terms of global comparisons.
That is doing very well for ourselves, in the fact of american tariffs.
Fun story.
Trump and America have signed exactly ZERO free trade agreements. Zero. None. Zilch. Nada. America has signed many Agreements on Reciprocal Trade, but guess what? Those are not legally binding. They can be changed at any time. They don't go through congress, thus as not the laws of the land. They have no dispute mechanisms, no binding agreement that outlasts the administration. The next president can cancel them all on a whim.
CUSMA is an actual free trade agreement. It has dispute mechanisms in place. It goes through congress. It's actually the law of the land in all three countries. So no, no free trade deals have been signed by the Americans.
As for Mexico, who the hell cares. They cannot sign a deal without Canada so they can be as close as they like, as long as Canada is far away, everyone is as equally far away. So the deal expires in 2036. 10 more years. We can certainly ignore them if we so choose.
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Burlington and Oakville
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Which increases exports and is net beneficial to a nation that has relatively high inventories of contributory supplies and resources.
Conditional exchange rate and export elasticity is an important factor in analyzing and evaluating interaction between exchange rates, exports and foreign demand, particularly in times of economic school k, including factoring of oil pricing shocks into markets.
For those with an interest to inform themselves with economic subject material beyond a cursory, glossy podcast that agrees with established preconceptions, analyses of EREE give one an opportunity to appreciate where economic benefit accrues to nations in notably dynamic monetary environments.
Less than an hour of reading to gain some interesting perspective from the Bank of Canada for those interested in how reduced relative currency rate isn’t necessarily negative.
ArmyRick
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My question to google AI (and take it for what it is worth) "what are the risks of the Canadian dollar decreasing in value?"
"When the Canadian dollar (the loonie) drops in value, it creates distinct economic risks. The primary risks include higher consumer prices for imported goods and groceries, more expensive foreign machinery for businesses, increased costs for international travel, and imported inflation that can complicate central bank policies.
Consumer and Cost-of-Living Risks
"When the Canadian dollar (the loonie) drops in value, it creates distinct economic risks. The primary risks include higher consumer prices for imported goods and groceries, more expensive foreign machinery for businesses, increased costs for international travel, and imported inflation that can complicate central bank policies.
Consumer and Cost-of-Living Risks
- Higher food and retail prices: Canada imports a large share of its fresh produce and consumer goods, meaning a weak currency directly raises store checkout prices.
- More expensive fuel: Crude oil is priced globally in US dollars, so a lower exchange rate drives up gas pump prices at home.
- Costlier travel: Vacations and purchases outside of Canada require significantly more Canadian dollars to cover the same expenses
- Higher equipment costs: Canadian companies import a majority of their advanced machinery and tech tools, making expansion or upgrades more expensive.
- Imported inflation: Higher costs for raw components and finished goods feed into general domestic inflation, forcing the Bank of Canada to navigate difficult interest rate decisions.
- Governments or corporations carrying debt denominated in US dollars face higher servicing costs when converted from a weaker local currency.
ArmyRick
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Yeah, no. Thats something many Liberals and Conservative will disagree with you.
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I'm comfortable with them being wrong.
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I like how you frame the narrative to get the response you like.
Maybe ask google AI the benefits of decreasing the value.
Or maybe ask google AI the risks in increasing the value.
Or maybe don't outsource your critical thinking to AI, that would be cool too.
Yet exports rose more in value than imports. That tells its own story.
Good, spend more of those dollars in Canada.
Good thing we have that foreign investment coming in to help offset that.
Yet our baseline inflation remains relatively low.
And traders who export goods usually get american dollars which means they actually make more when converting it to CAD. I call this a wash.
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As with search engines, what someone gets depends on what they type in - and confirmation bias can also affect what people ask/search for.
Also, more than one thing can be true at the same time.
Here's another alternative question: "Given Canada and the world's current economic situation, what are the risks and opportunities of the value of the Canadian dollar dropping, and is a lower dollar overall a net advantage or a net disadvantage right now?
AI ASSISTED
A weaker Canadian dollar is a mixed bag: it boosts exporters, tourism, and some resource sectors, but it also raises the cost of living by making imports and travel more expensive and can add to inflation. Whether it’s a net advantage or disadvantage depends on how much of Canada’s economy is export‑oriented versus import‑dependent, and on the broader policy context (interest rates, trade policy, and global demand).rbcroyalbank+4
What a lower loonie does well (opportunities)
- Helps exporters and manufacturers: Canadian goods and services become cheaper for foreign buyers, which can lift sales volumes and profit margins for companies that earn in U.S. dollars but pay costs in Canadian dollars.rbcroyalbank+2
- Supports resource sectors: Oil and gas, forestry, agriculture, and other natural‑resource exporters typically see a direct bottom‑line boost when the loonie falls, because their revenues are often priced in U.S. dollars.fraserinstitute+1
- Boosts tourism in Canada: A weaker dollar makes Canada a more affordable destination for U.S. and other foreign visitors, which can increase tourism revenue.global.morningstar+1
- Partly offsets tariffs or weak external demand: In a trade‑tension environment, currency depreciation can make Canadian production more cost‑competitive, softening the hit to output and jobs from higher foreign tariffs.cdhowe
What a lower loonie does poorly (risks)
- Higher prices for households: Imported goods—from electronics and machinery to many consumer items and some foods—become more expensive, raising the cost of living and eroding purchasing power.global.morningstar+2
- Inflation risk: A sustained weak dollar can feed into broader inflation, complicating the Bank of Canada’s job and potentially keeping borrowing costs higher for longer.global.morningstaryoutube
- Hurts importers and retailers: Businesses that rely on imported inputs or finished goods face higher costs; if they can’t pass those costs on, margins shrink.rbcroyalbank+1
- Travel and cross‑border spending get costlier: Canadians traveling or shopping in the U.S. see their money go less far, and Canadian companies with U.S.‑dollar expenses face higher Canadian‑currency costs.rbcroyalbank+1
- Potential drag on investment: Prolonged weakness can discourage some foreign investment if investors seek higher‑yielding assets elsewhere, which may affect growth in sectors like tech and infrastructure.sallyportcf
Net advantage or net disadvantage right now?
There isn’t a single “right” answer, but the balance of evidence suggests:- For Corporate Canada and the tradable sector, a modestly weaker loonie is often seen as helpful—especially for exporters and resource firms—because it improves competitiveness and can add to GDP over time.theglobeandmail+1
- For households and the non‑tradable sector, a weaker loonie is mostly a headwind: it raises prices, squeezes real incomes, and can reignite inflation pressures.global.morningstar+2
- On balance, many analysts argue that while a weaker dollar provides a useful shock absorber for exporters (and can partially offset tariffs), the inflationary and cost‑of‑living impacts mean the overall effect is mixed and can be negative for many Canadians in the short run.
Also, like with search engines, different systems can give you slightly different answers, too, depending on the pool of what they're "reading." Assessments from different systems answering the same question:
AI ASSISTED
Grok: "Overall, a lower dollar is closer to a net disadvantage for the Canadian economy and households at current levels and under prevailing conditions, though it is not purely negative and provides useful support in specific sectors."
DuckDuckGo: "Net, it’s more likely a mild disadvantage for the average household and for inflation-focused policy tradeoffs, but a net advantage for parts of the tradable sector."
ChatGPT: "Overall: about 55–60% net disadvantage versus 40–45% net advantage."
Claude: "This is genuinely a judgment call economists disagree on, but here's the balanced picture: the answer depends heavily on why the dollar is weakening and who you ask."
Grok: "Overall, a lower dollar is closer to a net disadvantage for the Canadian economy and households at current levels and under prevailing conditions, though it is not purely negative and provides useful support in specific sectors."
DuckDuckGo: "Net, it’s more likely a mild disadvantage for the average household and for inflation-focused policy tradeoffs, but a net advantage for parts of the tradable sector."
ChatGPT: "Overall: about 55–60% net disadvantage versus 40–45% net advantage."
Claude: "This is genuinely a judgment call economists disagree on, but here's the balanced picture: the answer depends heavily on why the dollar is weakening and who you ask."
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