how will Canada fare if global economy collapses?

[Bear Plunger]

Quote from SuperVolatility:

This will never happen, America will not ruin its relation with U.K., England has been America's biggest partner and alliance partner.

After all Canada is a constitutional monarchy with its own queen and governor general. Though symbolic it's a subject of the Union - invading Canada will be slapping Brits in the face - which I don't think US is crazy enough to do just yet

Yes England was the creator....but that's just conspiracy theory nonsense about US invading Canada - Once and awhile you get a wacko American who says something like this.....but that's exactly the type of American that gives the intelligent Americans a bad name.

When Canadians say that Americans are dumb...they certainly aren't all dumb...it's only these types.

The ones that if you backed them into a corner, and they knew they would die, and they had a nuclear bomb, they would set it off just to kill eveyone else.

There's alot of dumb people on this board actually. Maybe they are just young and excited to be trading....but for a yr I didn't even come back to this board, simply because of all the stupidity and immateur people.

Do you know of any trading forums where real traders exist....people who do it for a living?

 

[Daal]

The Canandian dollar is one of the currencies that is holding up pretty well. Its outperforming all the commodity currencies(AUD NZD BRL), flat against the EUR and down against CHF. Of course its taking a beating against USD and JPY like everybody else

 

[Renegen]

I have nothing against chinese, we're all immigrants, but they must integrate themselves. Like I said, the next generation of these immigrants will be properly integrated so it's all good but this generation doesn't even try.

And what do you mean REAL chinese restaurants, like Mongolian Grill or something? The average chinese considers meat a luxury and goes crazy over anything that's more than rice, what "food" do you speak of? It doesn't exist. Chinese food isn't exactly french cuisine.

And just because other people are crooked doesn't make it an excuse for others, evading taxes and hawking illegal goods isn't my idea of entrepreneurial spirit. I read about a city in ITALY where the chinese for 40 years have not mingled with the residents. What they have is local, illegal chinese sweat shops in Italy, they get around with bribes. That's what I don't like, if you go to Italy, you must become italian. If you want to bribe every official, be cutthroat, work others in sweat shops while portraying an image of success everyone can achieve then stay in China. Like I said, these are real chinese colonies. You don't contribute to the country? GTFO.

And funny you mentioned Hong Kong, first like we really need some stupid grannies who don't even speak english and leech off the health care system, but worst is every Hong Kong "entrepreneur" who pumped and dumped a stock during the last 5 years and gained a few millions, or who maybe was a government official or maybe a real estate speculator, they all emigrate to Canada, get their citizenship and then leave. We're a joke to the international world.

 

[pepper_john]

Quote from Renegen:

I have nothing against chinese, we're all immigrants, but they must integrate themselves. Like I said, the next generation of these immigrants will be properly integrated so it's all good but this generation doesn't even try.

And what do you mean REAL chinese restaurants, like Mongolian Grill or something? The average chinese considers meat a luxury and goes crazy over anything that's more than rice, what "food" do you speak of? It doesn't exist. Chinese food isn't exactly french cuisine.

And just because other people are crooked doesn't make it an excuse for others, evading taxes and hawking illegal goods isn't my idea of entrepreneurial spirit. I read about a city in ITALY where the chinese for 40 years have not mingled with the residents. What they have is local, illegal chinese sweat shops in Italy, they get around with bribes. That's what I don't like, if you go to Italy, you must become italian. If you want to bribe every official, be cutthroat, work others in sweat shops while portraying an image of success everyone can achieve then stay in China. Like I said, these are real chinese colonies. You don't contribute to the country? GTFO.

And funny you mentioned Hong Kong, first like we really need some stupid grannies who don't even speak english and leech off the health care system, but worst is every Hong Kong "entrepreneur" who pumped and dumped a stock during the last 5 years and gained a few millions, or who maybe was a government official or maybe a real estate speculator, they all emigrate to Canada, get their citizenship and then leave. We're a joke to the international world.

You better keep your racist thoughts to yourself.

 

[Renegen]

Quote from pepper_john:

You better keep your racist thoughts to yourself.

Considering the first line said I wasn't racist.. what else do you have to add? People these days have no problem defend someone who's morally bankrupt, "everyone else does it" is not good enough.

 

[pepper_john]

Quote from Renegen:

Considering the first line said I wasn't racist.. what else do you have to add? People these days have no problem defend someone who's morally bankrupt, "everyone else does it" is not good enough.

humm... you are not a racist, but just someone with racist thoughts... get a life

 

[Chagi]

Quote from ByLoSellHi:

What will become of the bubble known as Alberta, Canada, if oil stays low or heads lower?

That's some massively inflated real estate and everything else up there built on the back of $100+ per barrel oil, eh?


They may just have to shut those tar sand pits down, and it will be 'ghostly like.'

Good point - Alberta's real estate market is looking very weak, hasn't truly broken down just yet though. Kind of like a stock that looks weak/strong before a big downwards/upwards move.

 

[Wallace]

"The House of Commons has gone dark until Jan 26/09 when prime
minister Harper will return and present a federal budget the next day
followed by a confidence vote.
prorogue/prorogation ends a parliamentary session and allows the
government to start again at a later date with a fresh throne speech.
It typically happens when a government has exhausted its legislative
agenda, not before it's even begun." !!!
http://www.google.com/hostednews/canadianpress/article/ALeqM5hsWCWQwAlsJNxzi0bVvj3XuJ5wlw


Canadian realestate foreclosures are said to be 1/4 of 1% whereas
the US foreclosure rate is at least 20%
when the UK gov tookover RBC it required RBC to stay foreclosures for
6 months
mortgage lending in Canada is 3:1 income/mortgage and i don't think it's
gone higher than that, in the UK 5:1 is standard particularly in the South
where homes are so expensive, Australia said to be 7:1 and has reduced
people to living in 'trailers' and the US is said to have approved mortgages
as high as 10:1 tho i imagine those are the subprimes

 

[zdreg]

now the american subsidiaries of the automobile co's are looking for big bailouts and screw their canadian subsidiaries. soon the canadian subs and labor will go begging to the gov't for money in order to maintain parity.

 

[Specterx]

Quote from zdreg:

Let's see who prospers in the future. America is on the verge of being taken over by minority groups.
lots of luck.

They will come for you soon enough. Already have, in fact. The Thought Police are awfully strong in America these days but Canada's already fallen off the cliff.

As to the topic at hand: Canada is going to get whacked, but they've got a few advantages over us. I've seen stories about unbuilt towers in Toronto as well as Miami. As a commodities exporter, any sustained downturn in prices could really hurt Canada's economy. How long can those tar sands operations stay idle before you need to start firing people, and leaving the machines to rust?

All the same, it doesn't look like Canada's going to get hit with a massive banking crisis, giving the government more room to maneuver on budget and spending issues. They also don't have (to my knowledge) the kind of tremendous, long-term, critically underfunded pension and healthcare liabilities that we've got here in the US, and they never borrowed n' spent to the same degree.