This is good for mineral explorers and producers.... It is the dollar increase in value that is increasing risk in Canadian mining plays ... The dollar rise has been striping profits from producers.... and manufaturers.
Fact is Flayerty is an idiot! He is standing beside a fire hose watching his house burn to the ground.... Canada needs to take some wind out of the dollars sail.... Inflation is not as bad as total recession or catastrophic failure of some sectors.
Hud bay announced today that earnings have been severley damaged with the rise in the dollar....
Oil industry is under attack from all the governments who want a bigger slice of the pie..... A pie that has only maintained its value in Cnd dollars with the huge rise in oil price.... Gas is in the toilet and only 40% rig utilization.... get ready for $15.00 gas next year as supply is not being replaced.
The forest industry had no profit left and these recent increases in the dollar will close the last holdouts..... They have been like our Farmers that have been in the "maybe next year mode."
Sad state of affairs when the Government is standing there google eyed and is doing nothing and there is no alternative profound leadership.
$ partial national parties and not a canidate to vote for.... Why have an election.... I only see canidates I don't like.... the whole works of them should be shot with a ball of their own sheit!
Bla bla bla ... I need a drink....LOL