Canadian Economy

bigmike said: "As Canada finishes the second quarter this year with ___% increase in the economy I wonder if its estimates will be reached. Even though Canada was poised to grow 3.0% this year. I am not sure if it actually will. But, if it does it will be the fastest growth among the G7 countries. This is a major accomplishment for Canada after struggling a few years back when 9/11 happened. But as the U.S. economy loses steam and struggles the Canada economy is gaining wealth especially with the Canadian Dollar->U.S. Dollar. This might be a good thing for the U.S. with the summer coming up because it means that trips to the U.S. will be more affordable for the people and they will probably end up spending even more than usual because the exchange rate is extremely good. This could also be a bad thing for Canada because it means that less money is being put back into the economy and so their amazing growth rate could slow down. From my perspective I don't think this will hurt them, but you never know with a growing economy. What does everything else think."

ZANE ASHTON said: "wHAT ARE YOU TALKING ABOUT?"

ZANE ASHTON said: "Canada? Who cares"

ZANE ASHTON said: "No answer?"

ZANE ASHTON said: "Just buy Google and forget about it."

bigmike said: "I think you should get out of the forum. It seems like you are just some person who decided to make an account and wants to get as many posts in the least amount of time."

Darrel"Dow"Jones said: "Well, do more Canadians want to go to the US, or do more Americans want to visit Canada? I think just because they will want to spend more here than before doesn't mean much, because its the opposite for Americans in Canada. Sure, the US has more tourism opportunities than Canada, but the US has way more people, thus potential travellers. But in the big Scheme, I don't think Canadians buying American souveniers or vice-versa is much of a difference maker for either G7 power."

EstateReal said: "Well Im from Guelph Ontario. And I do care about Canada. Ah, to live in self centered ignorance. Why do people insult Canada? Less crime. Better Real Estate market. Better beer. Let's talk money now!!! The US credit crunch and subprime meltdown with oil prices being jacked up is no good for canada. It just doesn't work for us. It's not devastating but it's a small uppercut to our banks (BMO, MFC). Will we recover. Yes. Will they? I want to say 5 years minimum. Nice deals on canadian banks right now. Our Real Estate which has been on fire for 7 years or so will come down. I want to say 5% overall in Canada this year. Not bad considering the USA is in a recession. We just won't have the growth and Insane Real Estate market that we did have. At worst it may drop a few percentage points every year or maybe stay at even in the next 2-5 years. Im just speculating here. The gas prices is the only thing that's really starting to hammer us. Do yourself a favour. Join them! I like Petrolia Brasilia, Penn West, Suncor. Join the greedy pricks! And if those stocks depreciate in value then we are probably paying less at the pumps. In theory. lol Our economy seems and is rock solid in Canada. But our virus like, irresponsible house flipping, teaser mortgage rate giving, resource hungry neighbours are killing our good time. Will people ever learn from history? Canada is being brought down by the USA, there is no doubt in my mind. We will feel it for a few yaers to come. And I haven't quite figured out oil and what is going on there."

Aligator said: "[QUOTE=EstateReal;71000]Well Im from Guelph Ontario............And I haven't quite figured out oil and what is going on there.[/QUOTE] You will inform us when you have it all figured out, won't you? We are so looking forward to that.:ciappa: Canada, after all, is the largest supplier of oil to the US. At 144$/Gal."

EstateReal said: "I meant how the oil situation will effect Canada. I do realise that British Colombia is the largest supplier of oil to the States. And Saskatchewan is right behind them. So you telling me that Canada is the largest supplier of Oil to the states tells me nothing really. Just info that could be googled in 10 seconds of searching. My question is how the oil situation will effect Canadians. It's not that simple. We really don't benefit out of production. What do you think? Show me the way wise one."

hasse_john@yahoo.com said: "Canada has great natural resources. which is a tremendous plus. and less government than the U.S. has, and while our government hasn't destroyed us yet, it has come pretty close. About half of canada already comes to Fl. for the winter, (and who can blame them) but I'm not sure there is room for many more. I do NOT think it is time to be getting back into this market in a general way. Hey, some stocks went up during the 30's, but there weren't many of them. We are hitting the slippery slope, market wise, and it will be some ride."

Aligator said: "[QUOTE=EstateReal;71012]I meant how the oil situation will effect Canada. I do realise that British Colombia is the largest supplier of oil to the States. And Saskatchewan is right behind them. So you telling me that Canada is the largest supplier of Oil to the states tells me nothing really. Just info that could be googled in 10 seconds of searching. My question is how the oil situation will effect Canadians. It's not that simple. We really don't benefit out of production. What do you think? Show me the way wise one.[/QUOTE] Most people are surprised to learn that Canada is the largest supplier of oil to the US. If you already knew that you are better informed than most. (Saudi Arabia #2, Mexico#3) Canadian and American economy is so interconnected that whatever happens in one economy will happen in the other, as far as I know. Most interesting to me is the fact that Canada has large oil reserves and do not separate themselves from the world price of 145$ per gallon. Venezuelans pay 12 Cents/gallon gasoline. Iranians pay about 50 cents. Mexicans about $2.50. Chinese about $2.00, but that's a different deal. Maybe it is the fact that if Canadian oil producers just stuck to a reasonable profit margin and provided gasoline at about 2$ it would cause an uproar and black market like we ain't never seen.:biggrin: "What do" I think? I think gasoline will settle down at some level around 3$ and that will become the new normal. The economies of both our countries, and even the world, will build themselves around that new level. I also believe it will take a long time and gasoline may get a lot higher before it settles down. I think that the fuel cell cars; hybrids, which use some gasoline; plug-in cars used in the US; and nuclear or coal power generation will drive the price of oil down. These options will not work well in Canada because of the colder winters, so ya'll will continue to use gasoline and diesel. And I believe everything will be just fine. You'll become or stay rich and every winter you'll drive that Mercedes at breakneck speed down I-75, pausing only to fill it up with more American Gasoline refined from Canadian oil."

EstateReal said: "Canada doesn't drop their price or seperate themselves from the USA because the US refines our oil. So basically the USA has us by the gonads. And the reason why we don't just keep all our resources to ourselves is because the USA wouldn't allow it. I wonder why Canada doesn't refine it's own oil and just keep it all? Well actually.. The States is sucking fairly agressively on our supple yet frim oil supply. I believe that a war would break out if we stopped supplying the USA. Im sure that an Alberta cowboy would come to terrorize the states. Here would come Bush looking for terrorists in Alberta and Saskatchewan. haha He would have no choice but to "secure our oil wells" and take a bunch with him. I hate that we pay 1.35$ a litre. I guess that would be about 3$/gallon in the states. In Brazil they keep their own oil and they pay about 10 cents a litre. Maybe I don't understand the whole scope of the situation. But I hate paying 75$ to fill up an Altima."