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The Canadian dollar the last 14 years took the stairs up with the commodity boom and is now taking the elevator down. The twin pillars of Canadian economic growth, the resource boom and the property bubble are ending. I think Canada is beginning to enter the danger zone if the dollar continues to drop as it has been, soon Canada may have to choose between saving it's currency and a major recession or an inflationary recession.
The insane housing bubble is about to burst. Prices in Toronto and surrounding area were in the Stratosphere years ago and now they are headed to the Mesosphere (the layer above the Stratosphere). I don't know how people afford to live there.
I could see it dipping down to around 64 or 65 cents before all's said and done. Commodities are not doing well right now. I don't grasp macroeconomics well enough to understand how China's situation is going to impact the global economy. There are some advantages to a low dollar though... our tourism and hospitality businesses will do better. That's a bit of a silver lining. Maybe some other sectors can get an edge too... film making, some services firms and consultants who are paid in Can $...
The insane housing bubble is about to burst. Prices in Toronto and surrounding area were in the Stratosphere years ago and now they are headed to the Mesosphere (the layer above the Stratosphere). I don't know how people afford to live there.
Oh my god...I went up to toronto Nov. It's insane. My house is so tiny but the same size house in Toronto worth like 900 to a million. How can they sustain that kind of house price? The salary is great. But not everybody make 6 figures. The people I know who own million dollars house all bought houses like 2007 2008. And all of the sudden the house prices went up and they kept switching houses.
My hunch is that energy and materials stocks are the bargain of a lifetime. The TSX Materials sector has now sunk below its 2008 lows. Don't quote me on that though...
I also believe the bottom of this drop is still to be seen and it will run for some time.
As pointed out, the energy sector is suffering but unless some miracle fuel or solar becomes relevant and effective, petroleum fuel stocks have no choice but to rebound at some point.
"Resiliency" is the key word here. If the market does not have it, we must.
Location: In a perfect world winter does not exist
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They have been saying housing bubble in Vancouver BC for more than a decade yet not a penny in home value has been lost. Waiting_____________
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