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Why to short the Canadian Dollar
- Thread starter scriabinop23
- Start date
yeah right lol
you canadian lovers are all DREAMING
the new exchange rates are going to lag for at LEAST another 12 months, but canada just posted its worst export performance in 10 years.....
wait and see what happens 12 months from now after the forwards and hedges start expiring, especially if the canadian dollar is stronger than now.....
Canada will be bleeding out of every orifice possible....
range trading USDCAD long here between .82 and 1.00 is a no brainer..... I hope it stays here for like 3 years mired between bad usa news and bad canada news
lol
PS to the poster above me, no-one cares anymore whether a country is healthy to do business in, all that matters these days is profits. China is the posterboy for this mindset. And what canadians haven't figured out yet (canadians dont seem to be very smart on this angle) is that canada has just priced itself out of the market. I live in Los Angeles and i can tell you right now I have seem many meetings where very large contracts for professional services such as web development, advertising, filming etc etc are not going to be renewed with Canadian companies because it can now be done cheaper in Los Angeles.
All hail the currency wars
you canadian lovers are all DREAMING
the new exchange rates are going to lag for at LEAST another 12 months, but canada just posted its worst export performance in 10 years.....
wait and see what happens 12 months from now after the forwards and hedges start expiring, especially if the canadian dollar is stronger than now.....
Canada will be bleeding out of every orifice possible....
range trading USDCAD long here between .82 and 1.00 is a no brainer..... I hope it stays here for like 3 years mired between bad usa news and bad canada news
lol
PS to the poster above me, no-one cares anymore whether a country is healthy to do business in, all that matters these days is profits. China is the posterboy for this mindset. And what canadians haven't figured out yet (canadians dont seem to be very smart on this angle) is that canada has just priced itself out of the market. I live in Los Angeles and i can tell you right now I have seem many meetings where very large contracts for professional services such as web development, advertising, filming etc etc are not going to be renewed with Canadian companies because it can now be done cheaper in Los Angeles.
All hail the currency wars
The above poster was right, in saying that a lot of new media jobs will be heading back to the States. I can tell you in particular, the film industry in Vancouver has dropped off, and businesses are struggling to find new markets.
Oh well, well manage without the States, eventually.
Oh well, well manage without the States, eventually.
I think it would be smart for all Canadians to buy cheap US$ assets, with their oil profits. Especially if the US$ and real estate cratters even more in the next few years.
Quote from Poole:
yeah right lol
PS to the poster above me, no-one cares anymore whether a country is healthy to do business in, all that matters these days is profits. China is the posterboy for this mindset. And what canadians haven't figured out yet (canadians dont seem to be very smart on this angle) is that canada has just priced itself out of the market. I live in Los Angeles and i can tell you right now I have seem many meetings where very large contracts for professional services such as web development, advertising, filming etc etc are not going to be renewed with Canadian companies because it can now be done cheaper in Los Angeles.
All hail the currency wars
Quote from scriabinop23:
I am out of my short at the moment with some profits. I want to resell from higher levels.
Instead I bought the AUD dip today at .9155 in the DEC futs. Oil and gold are still way too strong despite this carry unwinding, so they should remain supported for a while.
We'll see how that works.
wow. great fucking luck. try to go short the USD once in a while and look what that gets me.
Oh well. Should've just stuck with short CAD.