Post by
packerdriver on Nov 11, 2024 1:56pm
Fifty dollar oil and 1.60 for a USD ???
Interesting prediction....WTI at 50 will mean around 38 for WCS...that'll hurt.
Canada enjoys a 109 Billion trade surplus with the US....or 22% advantage.
Oil, with it's volatile prices, accounts for 26-28% of Canadian exports.
Car parts account for about the same amount of 26%.
38 dollar WCS will cause cap ex to plummet....unemployent will rise quickly in the oil patch
1.60 for a USD will see producers who get paid in USD and pay for their day to day operations with CAD will still do OK...
1.60 for a USD will mean Canadian car parts will get cheaper in the US and that business will BOOM.
(Ford, Stelantis and GM won't let Trump muck with their Canadian operations supplying their US plants)
1.60 for a USD will see the Tourism Industry BOOM across the whole country.
Welcome to Trump world!