Posts made in January 16th, 2016

Canadian Economy Has a Turbulent Start

Posted on Jan 16, 2016 in Canada, Canadian Politics | Comments Off on Canadian Economy Has a Turbulent Start

Well 2016 is only 16 days old but it seems the Canadian economy and  likely other parts of the world will continue to be in for a rough ride. World oil prices continue to slide along with the Canadian dollar. Last week, the dollar reached the lowest it has been in decades. Falling briefly below 60 cents against the US dollar. Some are forecasting the price of oil could drop as low as $20 a barrel. Pulling the Canadian dollar even lower.

After a decade of Harper and his government pursuing turning Canada into a so called energy super power, our dollar is tied even more strongly than ever to the price of oil. When the price is up, great for Alberta and Newfoundland. Not so much for the rest of the country. Harper’s main interest was Alberta, Newfoundland got to join the ride.

Read More