capdjq
Carpe Diem
Premium
join:2000-11-01
Vancouver
| reply to LaZ3R
Re: Loonie keeps going DOWN! :p
A good thing for us Consumers not a good thing for the Export economy, in the long run. 60%-70% of our trade is with the US. The Lumber industry has already had massive layoffs in BC, with mills shutting down. The movie industry has received massive subsidies from our Province to keep it competitive.
About the only good news for Industry is they can upgrade their aging equipment cheaper to be more competitive and increase productivity.
The US will soon gain by the lower US dollar. Foreign Companies will find it cheaper to open manufacturing plants in the US and IT companies can soon relocate from India as their costs rise in those countries.
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Good judgement comes from experience, and experience comes from bad judgement. |
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dirtyjeffer
Oh Yeah
Premium
join:2002-02-21
London, ON | there is an auto parts plant (they make door panels etc) near my work that has 4 months to find a buyer...if the company isn't bought, belly up it goes. |
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