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Our beloved Loonie !




Full House
Senior Desi
Member since: Oct 12




Posts: 2544
Location:


I want to compare our LOONIE's current standing as against a U.S.Dollar for only one reason. It is being pushed down to make us feel better when they squeeze a BUCK out of you for a liter of GAS. Now you know who is running the countries' Economy.

It is the oil companies that push the Loonie down, not us who hold on to our dear dollar. They are unable to sell their products to NO BODY and if they are doing it, it is at our expense.

If our Loonie was at PAR and any business man wants to do business with other parts of the world and make a good profit, they can make tonnes of money. NOW, we are not able to do so. That goes to show that we are not business people. We are a bunch of slaves to the Oil Industry.

We are not getting any benefit of a lower loonie. On the contrary we are paying a very high price for the drop in its value.

I know that there are pros and cons. We are hoping to sell more cars, generate more jobs in the auto parts manufacture etc., It takes time to happen and for it to take off. It is a very slow process and there are other countries that will do the same and hang us up with our progress. So, it is a very bad idea to drop our Loonie's value. Now we cannot even send money home and help a few or invest there to make a gain. Our capacity to help has gone down considerably and so on so forth. Take a look at Mexico, that got benefited before the Loonie hit the slide. They moved the kit and caboodle the whole shebang to the other side of the Border. We want to get US wages and spend Indian Rupees when we head for the groceries. NOT ANYMORE, they have gotten smart there too. Now we cough up a whopping big Loonie for it too. That goes for the Noon Lunches, and the Buffets too. We are caught up in the spiral. It will drag us all down gradually until one day you find yourself in the dumps. See below.

You remember that Justin said that the BUDGET balances itself. You now know how it gets balanced too. It is the OIL COMPANIES that balance it for them. What about you and me? Sorry senor, we are left out of the loop. Only the Government will throw a few crumbs at us. Don't ever forget, when the rates DROP for the Middle Class, the rates also drop for the ones who are up the TOP too, because it is built up wards, as we say from BASE UP. So, who is going to scream. Not the guy who is paying the top taxes. Yes he will pay a little more, but NOT MUCH.

Some times we fail to see the total picture. Now we all are stuck in the muck and cannot move anymore. No trips, No holidays, No cross border trips, anything more to add?! Well I will leave it to others to say a few good words here just to cheer me up.

I am sad and down in the dumps too. Need a transfusion.

FH.

--
Quote:
Originally posted by Garvo Gujarati

Comparing anything against USD will result in this, and it shouldn't have anything to do with local economy. The USD is very strong and will remain strong in near future.

Canadian's were lucky to have loonie at par with USD for a very long time. And that has caused many issues including loosing out lot of business to Mexico and other countries.



 
Last edited by: Full House on 04-01-16 01:23:07
Post ID: 229669 04-01-16 01:20:06
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vivek901
Senior Desi
Member since: Nov 08




Posts: 220
Location: Canada


Ok full house,

There is no reason for getting so depressed. These things are not in your control or my control. I would say focus on things you can do. I see that your main worry is cross border trips and vacation.

How many vacations will you go in your life time to USA? Honestly i think with 4-5 vacations one can cover the entire USA. Even if u assume 3000 $ per vacation, it is 15,000 $ which because of loonie depreciation will cost you 6K more that it would if it was on par. 6K is not a big deal for a period of 5-10 years or even more. If 6K is indeed a big deal then reduce the vacations or do better planning.

As I mentioned before Europe is still open and many more destinations. Life and Vacations has to go on regardless of what loonie is.


 
Post ID: 229679 04-01-16 14:32:41
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febpreet
Senior Desi
Member since: Jan 07




Posts: 3252
Location:


I agree Vivek.

Besides, US has all the similar locations as Canada (the latter being the better travel destination), with the same downtowns, theme parks, markets, etc. Europe offers the best with historic buildings, museums, food, culture.


 
Post ID: 229681 04-01-16 16:03:58
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Full House
Senior Desi
Member since: Oct 12




Posts: 2544
Location:




This variation or the drop in the value of a Loonie has been cyclical and has been predictable.
So, I can make a cross border or any trip with an increase in costs. As you say wait and do it when you really want to. Multiply that by the number of travelers who want to take and also take into consideration those who will put it off, you will come up with a whopping figure. It does not help Canada or the Canadians. Things as it stands is coming to a screeching halt. I can hear it at a distance.

How do we go about it from here? What we need is a trend which is "Steady as she goes". We are rich in natural resources, but NO finished products to sell. As I said, we want US wages and spend as little as we can. It is no longer possible. We were a nation that was considered TOPs. I want you to just take a minute and think and see where we were and where we are today and where it is that we are heading.? It is not the political situation.!it is the brain dead, not so brilliant, filthy rich Corporations with tonnes of money, rotting in the bank with heads of these corporations, lying there in a recliner with a grin of a Cheshire cat, who are getting by very happily and not contributing to the expansion nor coming up with any iota of help to alleviate the misery that we will be heading into. Our Loonie has moved downwards from Par to 40 below. Yea! I sound like a weather man. And if you have not sensed it by now, you will see a few more heading home with pink slips. That is just to keep the HEADS happy and the others rolling.

Shuffle upto Buffalo and you will see the Gas at 45 cents/Liter today. Add another 22 cents that will push it upto 67 Can., and if you want to know, some of it is delivered from Canada!!
So, if you are heading with a buggy, the minute you are south of the border, the cost drops down drastically. Also pick up a few coupon books for teh hotel rooms too. Drop in at Four PM and take the early bird with a coupon.

There are a few good locations still left if one needs to take and enjoy a decent Holiday. So, I am not here going to boast about it or promote them. That is for another day.

I am here discussing the POOR Loonie of ours which stands devalued and I do not see any Knight in Armour to stand beside and prop it up with a few noble deeds. Hence, I am also waiting like yourself, hoping for a sensible solution and look forward to a better day.

Any more suggestions or alternate solutions to cheer me up?

I am heading for a cup of Java. (Is it a cup of mud?!) It has been on the back burner for a little extra time while I was writing this one, that's why..

FH.



 
Post ID: 229683 04-01-16 16:18:32
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vivek901
Senior Desi
Member since: Nov 08




Posts: 220
Location: Canada


See one thing I have learnt in life is at any given point there are going to be people better off than you and people worse of than you. Same goes with countries. Our best bet is to be happy with what we have and consider ourselves more fortunate than others. Gas is still cheaper in Canada than in India and way more cheaper in Canada than in India if you bring purchasing power into picture. For me I am still happy at Gas being at about 1 $ a litre. The Indian rupee has depreciated far more than Canadian $. Yet do you really see common man in India getting worried about these things?

The best solution is to stop comparing. If at all you want to compare, compare yourself to people who are worse off than you are.



 
Last edited by: vivek901 on 04-01-16 16:58:30
Post ID: 229684 04-01-16 16:57:26
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Full House
Senior Desi
Member since: Oct 12




Posts: 2544
Location:



I already feel better. May be it was the cup of coffee. (I am back) may be it is your philosophical outlook and the way you posted it to me here.

Any time when some one plants a kiss on my cheeks and gives me a lollipop, I glow with a big smile. It makes me feel even better.

Mmmmm... I like the alternate solution a lot uplifting. I could not have said it better.

Next time you are going for a long walk, give me a buzz. I will tag along and we will not feel the strain and I will try and keep up with your pace.

Thanks pardner.

FH.

http://www.shutterstock.com/s/uphill+battle/search.html


 
Post ID: 229686 04-01-16 18:44:10
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vivek901
Senior Desi
Member since: Nov 08




Posts: 220
Location: Canada


69 cents today...though some people may panic, I repeat there is really nothing we can do :-) This is going to go down further.

 
Post ID: 229747 12-01-16 16:26:32
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