The situation of Canada could not be worse.
We have been expecting a massive decline of Canada as a whole since the last few years.
Real estate as we all know has been collapsing, due to lack of buyers.
Prices of real estate in Toronto and worldwide, too, are in a free fall.
Canada has even turned racist which is truly sad.
Currency of Canada has dropped over 30% since peaking at 1.10 in 2007 and 1.06 in May 2011 to USD. As on date it is at 0.76.
We expect the Loonie to drop upto 0.50-0.55 level within a year or two max.
Retailers are simply collapsing across Canada.
From Sears Canada to Target to Loblaws to Future Shop to HMV to Black's to Danier to Nine West to Express to Sony Canada to 711 to Starbucks to Pier One to Rockport to GNC to Rexall to Bebe to Mexx and many others have shut hundreds of major store locations over the last few years.
Due to deglobalization spinning out of control worldwide (as we have been projecting since at least 2013), the Saudis have broken ALL ties with Canada which is a solid example of deglobalization.
This will hurt economics and business on both sides.
This will hurt economics and business on both sides.
Poor Canada, it seems nobody in this entire world is their friend.
Alas, not even their closest ally, neighbour, fellow bomber of nations, cheer leader of regime change globally, UN voting buddy and their largest trading partner - America, will come to their support in their hour of need.
“It’s up for the government of Saudi Arabia and the Canadians to work this out,” state department spokesperson Heather Nauert said this week. “Both sides need to diplomatically resolve this together. We can’t do it for them.”"
It’s a lonely world, after all!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.