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-   -   Will the Canadian dollar go up soon? (https://www.revscene.net/forums/707107-will-canadian-dollar-go-up-soon.html)

4444 01-14-2016 11:01 PM
Quote:
Originally Posted by dasuperstar (Post 8717167)
PS I will time deposit the money to gain interest as well :)
consider your time and what you will earn.

if its less than $1 (a realistic situation in this interest rate environment), is it even worth your time?

CRS 01-20-2016 05:18 PM
Quote:
Originally Posted by koukimonst3r (Post 8715858)
Well, the barrel of oil right now is $31, apparently by the end of the year it will be roughly $50. That's here in Fort McMurray anyway.
:lol

I'd like to take things that won't happen for $500, Alex.

The globe is FLOODED with oil (especially with Iran now able to sell to global markets). There is no chance that oil will be back up to $50.

dasuperstar 01-20-2016 05:26 PM
Quote:
Originally Posted by CRS (Post 8718994)
:lol

I'd like to take things that won't happen for $500, Alex.

The globe is FLOODED with oil (especially with Iran now able to sell to global markets). There is no chance that oil will be back up to $50.
It will be at 25ish or even lower :( by the end of 2016

I'm hoping that I'm wrong.

subordinate 01-21-2016 12:55 AM
Quote:
Originally Posted by CRS (Post 8718994)
:lol

I'd like to take things that won't happen for $500, Alex.

The globe is FLOODED with oil (especially with Iran now able to sell to global markets). There is no chance that oil will be back up to $50.
Never say never.

Just because Iran is pumping out a bunch of oil now doesn't mean they will continue to do so forever. Maybe they are like the Saudis, just keep pumping that stuff out to bankrupt the Global companies then decrease output, thereby, raising prices?

I also don't see 50/bbl, but then again, how many foresaw 142 bbl last time around?

dasuperstar 01-21-2016 01:35 PM
The cad dollar went up yahooo.... hopefully this trend stays

Canadian dollar gains a penny to 70 cents US as oil rebounds above $29 US - Business - CBC News

4444 01-22-2016 05:31 AM
Quote:
Originally Posted by dasuperstar (Post 8719333)
if it goes down 10, then goes up 1... headlines are "dollar goes up!!!"

it's net 9 down, oil is at $29...

A couple years ago it was at par, oil at $100. some perspective is needed.


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