RE:RE:RE:RE:WTI avg. for October $71.99dllscwbysfn wrote: But that is the whole point. If the loonie keeps dropping their debt in Cdn dollars simply keeps rising. Justins dad got the buck into the low 60's and the son is doing his best to get it there now. Canada is basicly in a recession and the USA seems pretty decent right now. Cdn buck is likely going lower. It will take the conservatives years to fix this.
As the CDN goes lower the USD debt is still being paid down and still going lower but the lower USD debt number when reflected in CDN makes it look like debt isn't budging because of that FX optics dynamic. Not hard to understand.
Ask yourself, if Baytex reported in USD through and through, would you still erroneously say debt isn't being paid down and going lower?