Looks like the Canadian Dollar is heading for US$ 0.90…!? About 0.87 and counting already…

It seems that cold weather during lately has reminded many that winter is coming (especially in the North East US). Duh… No revelation here but I’ve noticed two things. The Financial markets over the last few days have shown that Natural Gas prices have SURGED to record levels. The Canadian Dollar has also done very well. I’m sure the fact that close to 95% of Natural Gas imported to the US comes from Canada may have something to do with that. So barrels of oil are not the only story post-hurricanes. That probably explains much of our Trade Surplus and the ever growing US Trade Deficit too. It also goes to show that the fall of the government had less effect on our currency than oil and gas!

Well I hope these record inflows are INVESTED (i.e. Government Spending on things that benefit Canadians… Transit, Health Care, Child Care, etc). The election campaigns have already kicked off and as usual I’m mindful of the what people say they will spend and cut. (Because service cuts and user fess are like taxes in disguise) Remember the sell off of Ontario Hydro… Debt Service charge??? The added portion of taxpayers’ bill to help pay the debt left over when the profitable part of Hydro got sold… No one party has all the answers but it will be interesting to see the debates Friday to see how the wanna be PM’s stand. It’s going to be a cold winter indeed…

Related posts:

1. The Ten-Degree Yo-Yo
2. The Upside to Winter
3. Global Warming is Thinning My Skin
4. Yes Virginia, There Really is a Winter in Toronto
5. broken 2