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View Full Version : Canada is catching... down...

Mitch
03-17-2008, 04:36 PM
Well, huge evidence of a recession happening in Canada as well as the US just appeared yesterday as the major banks dropped their stock values. BMO dropped 1.10, TD dropped 1.86 and CIBC dropped 2.71
Gold is also continuing on its rise, now at $1033.90 US now.

So, don't worry Americans, you won't be alone.

Ref: http://www.cbc.ca/money/story/2008/03/17/markets.html
Cattraknoff
03-17-2008, 11:05 PM
Anyone who didn't anticipate us following suit was being moronically optimistic.
Locke
03-18-2008, 12:43 AM
Heh. Financial markets and their partakers are idiots in my books.
kizzume
03-18-2008, 10:33 AM
Heh. Financial markets and their partakers are idiots in my books.

I find it kind-of silly myself, it's flat-out gambling in many ways, but it's also something that is necessary to a degree.
Locke
03-19-2008, 01:38 AM
I find it kind-of silly myself, it's flat-out gambling in many ways, but it's also something that is necessary to a degree.

Well yeah, it's a necessary part of our economy, but it's still a preposterous trade (pun intended.)
Mitch
03-20-2008, 03:51 AM
Well, yet another huge drop for Canada today.
Canadian Dollar down 2 cents US
TSX down almost 500 points
and a bunch of other crud.

The funny thing about the recession is that everyone who was bragging about all their money from oil will be the ones whining.
Cattraknoff
03-20-2008, 11:37 AM
Well, yet another huge drop for Canada today.
Canadian Dollar down 2 cents US
TSX down almost 500 points
and a bunch of other crud.

The funny thing about the recession is that everyone who was bragging about all their money from oil will be the ones whining.

Ah, imagine the difficulties we'd be facing if oil wasn't falsely propping our economy up.