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Originally Posted by IronFist
We didn't get hit by the financial mess like most of the world has, our banking system is different. It was called socialist because it had safeguards  . But if you folks aren't buying our meat and lumber, and our oil sands cost more than a 63$ barrel to extract, well it's only a matter of time till we decline as well. Our housing prices haven't dropped much, but they haven't gone up much either. I hope you new Prez does GREAT, but the cards are stacked against him. Chances are that the financial crisis is far worse than anyone has let on so far. There is always the 1% chance that everyone gets behind him and bunch of work gets done. Hope is the American way isn't it. Hope for a better tomorrow?  |
Well I think we have, just not as much... Yet... However, our dollar that was recently on par with the US dollar, and even over it, has dropped and was down to about 79 cents US, not sure the current value. It seems a lot of industries are slowing down... Trucking locally seems slow, I hear construction is down. Lot's of condo projects going broke. I don't know what things are like in Ontario, but in BC, the last few years there has been STEEP rise in housing prices, it has pretty much stopped now, and listings are waaaayyy up... I think it is ready to pop. Just my $0.02