Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Canadian Economy
Reload this Page Canada factory closures
Blogs FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #1  
Old 07-01-2008, 09:17 AM
sunshine sunshine is offline
Member
  
Join Date: Jun 2008
Posts: 62
Default Canada factory closures
Do you think that the US downturn will result in more factory closures in Canada - not only in the auto sector...
__________________
sunny
Reply With Quote
  #2  
Old 07-15-2008, 08:02 PM
Canadian Canadian is offline
Senior Member
  
Join Date: Jun 2008
Posts: 415
Default
Quote:
Originally Posted by sunshine View Post
Do you think that the US downturn will result in more factory closures in Canada - not only in the auto sector...
Yes, for sure. Canadian economy is very dependent on US, and when there is a recession there, soon enough there will be one in Canada. On a positive note, Canada is resource-rich, which will hopefully help weather the downturn...
__________________
Bear with me please
Reply With Quote
  #3  
Old 11-13-2008, 03:19 PM
dreamy dreamy is offline
Member
  
Join Date: Jun 2008
Posts: 34
Default
The Canadian dollar now is cheaper again so they may postpone some factory closures for now.
Reply With Quote
  #4  
Old 11-13-2008, 03:30 PM
Canadian Canadian is offline
Senior Member
  
Join Date: Jun 2008
Posts: 415
Default
Quote:
Originally Posted by dreamy View Post
The Canadian dollar now is cheaper again so they may postpone some factory closures for now.
I doubt it. Even though the Canadian dollar is cheaper than the US one at the moment, the consumer consumption in both Canada and US has weakened considerably, which will hurt producers.
__________________
Bear with me please
Reply With Quote
  #5  
Old 11-14-2008, 08:02 PM
bullish bullish is offline
Senior Member
  
Join Date: Jul 2008
Posts: 155
Default
As soon as the stock market recovers, the consumers will be spending again, and all will be well.
Reply With Quote
  #6  
Old 11-17-2008, 02:08 PM
Steven Steven is offline
Senior Member
  
Join Date: Jul 2008
Posts: 139
Default
Quote:
Originally Posted by bullish View Post
As soon as the stock market recovers, the consumers will be spending again, and all will be well.
The problem is that the stock market might not recover for a few years. Look at Japan's stock market that hasn't recovered yet from its former top.
Reply With Quote
  #7  
Old 11-18-2008, 02:37 PM
invest invest is offline
Junior Member
  
Join Date: Jul 2008
Posts: 26
Default
Quote:
Originally Posted by Steven View Post
The problem is that the stock market might not recover for a few years. Look at Japan's stock market that hasn't recovered yet from its former top.
Probably not. It's like the real estate market. It will take years to recover. This of course is too bad for everybody because all industries are connected somehow...
Reply With Quote
  #8  
Old 11-19-2008, 03:08 PM
sunshine sunshine is offline
Member
  
Join Date: Jun 2008
Posts: 62
Default this is wrong
Quote:
Originally Posted by sunshine View Post
Do you think that the US downturn will result in more factory closures in Canada - not only in the auto sector...
I can answer my own question now. Today the big 3 automakers said they need some billions to fix their business. Well, this is easy, they will print some money and voilą. Don't you think this is wrong - very wrong?
__________________
sunny
Reply With Quote
  #9  
Old 11-20-2008, 07:04 PM
Canadian Canadian is offline
Senior Member
  
Join Date: Jun 2008
Posts: 415
Default
Quote:
Originally Posted by sunshine View Post
I can answer my own question now. Today the big 3 automakers said they need some billions to fix their business. Well, this is easy, they will print some money and voilą. Don't you think this is wrong - very wrong?
Yes, this is wrong. Printing money will only fuel inflation in medium to long term. Everybody is scared of deflation now, with house values falling off a cliff, however the deflation scare will be very short-lived with all the new money pumped into the system daily.
__________________
Bear with me please
Reply With Quote
Reply

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT. The time now is 06:34 PM.

Contact Us - Archive - Top

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.