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There is pain coming to the industrial construction world, mostly in Northern Alberta and Northern BC. Most owner/operators were getting fed up with labor market conditions and were adjusting capex budgets accordingly. When constrcution gets too expensive, people shelve projects to effectively press the "reset" button on construction costs. Being that so many projects were already on the cusp of being shelved, the recent drop in energy prices just makes that decision making proces so much simpler - delay projects until we see an extended energy price recovery, or until labor market conditions become more favorable. This reduction in industrial construction spending will then impact commercial and residential.. along with interest rate hikes which seem fairly innevitable at this point. People will start to really feel it around Q3 of 2015 IMO. Quote me on this later. Spoiler! |
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Oil keeps on dipping...Economists predicting layoffs in Alberta's oilsands as oil prices plunge | Alber Canadian dollar continues drop. Below 84 Cents Canadian dollar sinks below 84¢, could lose a nickel more - The Globe and Mail Quote:
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why is gas still over $1 locally -_- |
+1 My wife went to Bellingham today for grocery and buffet... and she filled up for just a tad over $2 for 93 gas... even factoring the exchange rate and shit, that's like less than 70ct/L... wtf! |
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cad easily drop to 79 before may or summer. |
Anyone who's planning on buying car parts for next summer better hurry! |
Gas is down like 40 cents. Diesel is down 4 cents. Seems legit. And before anyone has a reason for it.... Diesel used to be 75 cents when gas hit $1. Now gas is $1 and Diesel is $1.25 |
I'm so glad I got my 100 for 100 (Canadian at Par) on Sunday at the casino. As a bonus, I even won 15 US dollars. They make you play with the money they give you, so it was pretty much an awesome bonus. I've done 100 for 100 at least 15 times over the summer. They had it twice weekly. Back then the difference was minor, but I went religiously. It has paid off, LOL. |
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lol u trading the minute chart you crazy guy |
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Not only did I save money since I had very little money to spend until I gathered my first couple pay cheques, if I were to transfer the funds back currently It would be worth a whole lot more...:toot: |
Shell down 300 and suncor announced 1000 today. |
I guess I better exchange some RMB since I am going to China in June and Oct. Seems like the exchange rate is getting worse everyday lol. |
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should be way less, read an article that gas stations dont have as much pressure to move down since people are soo happy that it's soo much lower. |
Lol don't know why you are feeling bad too. This is nothing new and commodities are cyclical in nature. http://ehealthwoman.com/apple/images/21.gifhttp://ehealthca.com/hu12uk1.jpg |
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Holy shit, I'm going to be able to drive at the same prices as when I first started soon. Somewhere in the 70-75c range. I haven't seen lower than 99 yet here. The dropping dollar is a huge boon where I work now, and at the companies I'm looking to move to currently (in the web/tech fields). Canadian companies, but they charge USD and have mostly US clients. |
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