We start a new year, we wish everyone love, health, prosperity. Suddenly BANG what is going on with prosperity when most financial stuff is playing against us.
Lets take a look...
From prosperous to poor - CDN Dollar
Yes...when the CDN dollar plummets as it has done, we are all poorer, and a lot of stuff especially groceries instantly costs more money.
We could all see this coming months ago, we felt the initial tremors last summer, now that its almost obscene its attracting a ton of interest from the mainstream media.
From prosperous to poor - Financial Markets
After everyone shares their thoughts, the bottom line is that financial markets are under performing (being subtle). Not the time to retire, the Boomers are getting short changed.
You don't have much of a choice you hang in there until it turns around which it will.
Agreed...Canada is being tugged by a myriad of forces outside of Canada. We knew that for years, we also knew for years that if the price of oil imploded the tar sand oil which is already discounted would be in trouble.
Lets ride the wave, and when the wave runs out we will scramble, and scramble some more. In typical Canadian fashion we have limited means of adding value to our oil, its refined to gas elsewhere (guess).
A bubble here, a froth there, a nose dive somewhere else. Real estate (construction) has been carried by CMS (Citizen Main Street) for the past several years. Everyone knew this, not a secret, but perhaps it was hiding in plain sight.
You know the saying "You flush a toilet on one side of the planet, somebody on the other side will feel it". Its convenient to mention that "stuff" is beyond the borders and outside our control.
Some of the "noise" coming out of Canada is not productive.
When was the last time you saw "Made in Canada"? What manufacturing will return to Canada with a low dollar? Then you will hear that productivity is low for lack of investments because of the low dollar.
It was insecure from a while back, now its even more insecure, and with everyone talking about it magnifies the insecurity.
Agreed...you need more money to do the same things. Will we eat less, buy less clothes, get less cars to name a few?
In the meantime we all need to keep on living, fullfilling our obligations, and try to better our situations. CMS in Canada holds several immense levers of influence if not outright power. We see it in real estate, we see it in the auto business.
The Auto Business
Did you think we would not get to the car business? If you are CMS (Citizen Main Street) it will be a great time to do "deals" especially if you perform a reasonable level of due diligence and are prepared to close a transaction. take a moment and review our Tip of the Day for additional insight. If you are a dealer seeking an advantage, consider the price of used vehicles at auctions to close deals.