Quote:
Originally Posted by SkinnyPupp
The mild Trudeau haters must be pretty happy with him now
Can you imagine if the Conservatives won...  |
I don't know that any party would be much concerned with spending money at this point.
Canadian crude has dropped to an all-time low at $7.40/barrel.
Canada's dollar is likely to continue to plummet.
https://finance.yahoo.com/news/oil-r...7JOTlrUNkp3Je5
Quote:
(Bloomberg) -- In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada.
Hit by unfettered supply from Russia and Saudi Arabia and reduced demand as a result of the coronavirus, the benchmark blend of crude produced from Canada’s oil sands plunged to a record low of $7.47 a barrel on Wednesday. The fallout: Virtually every barrel of oil now produced there will come at a loss at a time when the energy industry generates 10% of Canada’s gross domestic product and a fifth of its exports.
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Gold is the money of kings;
Silver is the money of gentlemen;
Barter is the money of peasants;
But debt is the money of slaves.
-Norm Franz
Last edited by welfare; 03-18-2020 at 06:27 PM.
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