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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (44479)12/30/2008 4:06:17 PM
From: elmatador  Respond to of 217542
 
oil accounts for 1/10 of Canada’s exports, price dropped 33% in December.

The domestic economy contracted 0.1% in October, Statistics Canada said on Dec. 24, as wholesaling declined 2.7% on “significantly” lower automotive sales and manufacturing fell 0.7 percent, the third drop in five months.

Finance Minister Jim Flaherty forecast last week that Canada’s economy will shrink 0.4 percent in 2009, the first contraction in 18 years.



To: TobagoJack who wrote (44479)12/30/2008 4:08:20 PM
From: elmatador  Respond to of 217542
 
A $1 drop in oil prices lowers the Canadian dollar by 0.3 cent

Loonie's Worst Year May Extend Into '09 as Canada Reels From Oil Collapse Canada’s currency may extend its biggest annual decline on record, as tumbling crude prices hobble foreign investment in the country’s oil patch, according to the world’s biggest strategists and economists.
bloomberg.com


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