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Socialism gone loonie

Posted: Thu Feb 04, 2016 5:36 pm
by Pudfark
Low Canadian Dollar, Low Interest Rates Make Canadian Companies Easy Pickings

http://www.huffingtonpost.ca/2016/02/04 ... d%3D678430

Myrtle Beach Businesses Taking Canadian Dollar At Par To Lure Back Visitors
Myrtle Beach, S.C., knows the falling loonie means you won't be coming to the States, and the city wants to change that.

To entice Canadians to the area, hotels, attractions, and restaurants are offering deep discounts to Canadians until April 30, all valid with Canadian ID.

The discounts are meant to "at least cover the difference" of the dollar conversion from Canadian to U.S. currency.

http://www.huffingtonpost.ca/2016/02/03 ... d%3D678430

Oil Price Crash Causing 'One Of Largest Transfers Of Wealth In Human History'
The Huffington Post Canada | By Daniel Tencer

http://www.huffingtonpost.ca/2016/02/04 ... d%3D678430

Suncor Q4 Earnings Show $2-Billion Loss In 3 Months
CALGARY — Suncor Energy, Canada's biggest oilsands player, has posted a net loss of $2 billion for the final three months of 2015 as it was walloped by the steep drop in crude prices.

In addition to the oil price collapse, Suncor's bottom line was dragged down by nearly $1.6 billion in impairment charges and a $382 million foreign exchange loss related to its U.S. dollar-denominated debt.

A year earlier, it posted a net profit of $84 million.

http://www.huffingtonpost.ca/2016/02/03 ... a+Business

There's even more good news...I just stopped here. Was cramping from the laughter.. :lol:

Re: Socialism gone loonie

Posted: Thu Feb 04, 2016 5:50 pm
by callmeslick
1. wrong forum, actually
2. what on earth does a handful of examples of pure capitalism(commodity supply and demand, currency fluctuation) speak to 'socialism'? Please explain.

Re: Socialism gone loonie

Posted: Thu Feb 04, 2016 5:52 pm
by Pudfark
That made me start laughing again.... :lol:
"szwooop...right over yer head"..... :lol:

Re: Socialism gone loonie

Posted: Thu Feb 04, 2016 6:39 pm
by callmeslick
dream on. You're simply demonstrating you are a clueless idiot. Why you enjoy doing so is a mystery.

Re: Socialism gone loonie

Posted: Thu Feb 04, 2016 6:44 pm
by Pudfark
The dictionary and some light reading on the subject are your friend. :)
Though, you protesting your ignorance...is funny too. 8-)

Re: Socialism gone loonie

Posted: Thu Feb 04, 2016 7:31 pm
by Reservoir_Dog
So Pud ... how do you explain that back in 2011 and 2012 the Canadian dollar was worth MORE than the American dollar?

Re: Socialism gone loonie

Posted: Thu Feb 04, 2016 7:33 pm
by Pudfark
:lol: I didn't. I don't care. However, you go 'right' ahead.... ;)

Re: Socialism gone loonie

Posted: Thu Feb 04, 2016 7:49 pm
by Reservoir_Dog
It's your thread. You made the contention. Go ahead and explain.

Re: Socialism gone loonie

Posted: Thu Feb 04, 2016 8:20 pm
by Pudfark
Reservoir_Dog wrote:So Pud ... how do you explain that back in 2011 and 2012 the Canadian dollar was worth MORE than the American dollar?
Reservoir_Dog wrote:It's your thread. You made the contention. Go ahead and explain.
:lol: Dream on. I never made that 'contention'. :lol: However, I have given you permission to expound on it...go ahead. ;)