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  #1  
Old 07-01-2008, 09:17 AM
sunshine sunshine is offline
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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...
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Old 07-15-2008, 08:02 PM
Canadian Canadian is offline
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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...
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  #3  
Old 11-13-2008, 04:19 PM
dreamy dreamy is offline
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The Canadian dollar now is cheaper again so they may postpone some factory closures for now.
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Old 11-13-2008, 04:30 PM
Canadian Canadian is offline
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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.
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Old 11-14-2008, 09:02 PM
bullish bullish is offline
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As soon as the stock market recovers, the consumers will be spending again, and all will be well.
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Old 11-17-2008, 03:08 PM
Steven Steven is offline
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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.
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Old 11-18-2008, 03:37 PM
invest invest is offline
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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...
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Old 11-19-2008, 04:08 PM
sunshine sunshine is offline
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Default this is wrong

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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?
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Old 11-20-2008, 08:04 PM
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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.
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