Quote:
Originally Posted by Hehe
ECB just announced a huge QE pkg until Sep 2016.
You can forget any effect of BoC rate drop now because the Euro is competing at full scale with any other currencies for USD. (US business basically)
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indeed, and really Canada killed off it's manufacturing base a long time ago - will take time for that to come back (if it even does)
let's not forget Cdn labour is really quite expensive vs. US, so that differential may not be countered by the cdn/USD
Oh man, the Eurozone... what I mess I live in here. Proof that socialism and mass immigration (combined, a very bad combo) does not work within the context of healthy economy.