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Strategies & Market Trends : Canadian Dollar
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To: TAPDOG who wrote (87)8/24/1998 12:29:00 AM
From: High Grader  Read Replies (1) of 103
 
I don't think the Canadian Government understands what a unilateral declaration of independence is. The British Government had the same problem when Rhodesia made a UDI and basically rebelled against British rule. If Quebec was to declare UDI it wouldn't give 2 cents (Candian) if the Canadian Government was to think it legal or not. They would just do it. Like the Rhodesian UDI it would also be racially motivated.

The Canadian Federal Government controls immigration and has flooded Quebec with French speaking immigrants from Haiti and any other place where French is spoken. These immigrants, along with Native Canadians in Quebec and other ethnic non-Francophone minorities, feel an allegiance to the Canadian Federal Government and were responsible for defeating the Sovereignty Referendum in Quebec by the narrowest of margins. They may speak French but they are not of Quebec.

If Quebec declares UDI it is because the " true French Descendents" can no longer get the votes to control their own homeland and have to resort to rebellion to protect their identity and their culture. The white Rhodesians faced the same dilemma, abandoned by the British Empire they resorted to rebellion to try and protect their very existence.

Quebec feels that is has been abandoned by Canada and faces a loss of self and a loss of control over its future as it is submerged in waves of immigrants. The rest of Canada has similar problems but is much more able to absorb immigrants and assimilate them being more like America than Quebec can ever be or ever wants to be.

So much for the political theory...now for the Canadian Dollar.

Agreed that commodity prices have to head up. The businesses in Canada are crowing at the profits they are making selling their products in US $. while paying their employees in 65c dollars.

When the winter arrives and the average Canadian is buying lettuce, oranges and bananas and has to pay with 65c dollars for fresh produce imported from the US, the reality of this is going to set in. The little guys who aren't making windfall profits from a weak dollar are going to start screaming. for more money. The pressure on the government to do something will really start.

Any thoughts on how this will affect the currency? Inflation? Interest rate hikes?
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