HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Ot value can dollar.

The loonie is artificially kept low for various reasons. Had it been allowed to keep it's natural value it would cost at least 1.30 US and definitely well above the Euro and Swiss Frank.
Simple explanation is that Canada wants to sell Ontario produced auto parts among other manufactures to the US, at a competitive price.
My biased opinion is also that canadian oil is controlled by US companies who are used to supply cheap oil to the parent.
That oil would not be cheap if the loonie was flying ( ditto for other resources).

My justification:
Just look at Canada like it is Switzerland ( tourism and good management) combined with Norway (oil) and Siberia ( other resources).
Canada and low debt, you question?
Well it does not but it Should.
The debt since the 1980s has been produced to sell Canada down south, oherwise it would and should be in surplus. It does not help when US in turn is living on borrowed time and drags Canucks with it.

Ed.

Share
New Message
Please login to post a reply