Canadian Federal Politics Thread v5

[Fuzz]

In other words, Alberta at most needs an additional 1.3 million barrels of pipeline capacity by 2030. Just two of the three aforementioned pipelines would easily allow for that.

https://thenarwhal.ca/five-things-yo...ands-pipeline/


It wasn't until after the initial cancellation that they pointed to this as one of the main reasons, but it was the big one, because KXL was back on, ready to go, and much easier. They didn't have the capacity to pursue both, so it wasn't a hard decision of which one to go with. I don't recall when this came out, but it was in more detailed post mortems.

[GGG]

Originally Posted by Monahammer

I see this. I could be wrong, but I am interested if this current scenario applies. CUSMA is currently in force, and may prevent us from applying new tariffs without a bill. But, I misunderstood, the governor in council does have ability to apply tariffs without a bill, I am just not sure if the existing CUSMA, which is included in the customs tariffs act: https://laws-lois.justice.gc.ca/eng/.../FullText.html prevents us from applying new tariffs without modifying the act.

Without legislature, we would not be able to modify the act.

I have no idea you could be correct.

[Manhattanboy]

Who is converting all of their available cash to US dollars? Because at this rate $.50 is not unrealistic.

Trump should provide Alberta with a ROFO at statehood and as an incentive the right to convert at par. Who is in?

We should have a poll.

[FlamesAddiction]

Originally Posted by Manhattanboy

Who is converting all of their available cash to US dollars? Because at this rate $.50 is not unrealistic.

Trump should provide Alberta with a ROFO at statehood and as an incentive the right to convert at par. Who is in?

We should have a poll.

I was just looking at how to open a US$ savings account in Canada. It's not something I realized you could before.

Now I just need to do the math and see if the transaction fees would be worth it. I will also admit that I don't understand all the factors that make the CAN$ lower than the US$. Are these events likely to lead to a lower Canadian dollar? It's actually up about a cent in the past few days, but obviously you can't generate a trend from that.

[bizaro86]

Originally Posted by FlamesAddiction

I was just looking at how to open a US$ savings account in Canada. It's not something I realized you could before.

Now I just need to do the math and see if the transaction fees would be worth it. I will also admit that I don't understand all the factors that make the CAN$ lower than the US$. Are these events likely to lead to a lower Canadian dollar? It's actually up about a cent in the past few days, but obviously you can't generate a trend from that.

The dollar was up on Trudeau's resignation. That's a one-time bump. I have no idea where it goes from here but that's a specific event that is now priced in.

[Manhattanboy]

I think experts would argue no way we get down near $0.50 but who knows what effect the Trump tariffs will have.

[you&me]

Originally Posted by FlamesAddiction

I was just looking at how to open a US$ savings account in Canada. It's not something I realized you could before.

Now I just need to do the math and see if the transaction fees would be worth it. I will also admit that I don't understand all the factors that make the CAN$ lower than the US$. Are these events likely to lead to a lower Canadian dollar? It's actually up about a cent in the past few days, but obviously you can't generate a trend from that.

I get paid in US$, so to me this current situation is fantastic.

The value in having a US$ account in Canada is in having frequent access / transactions in US$. Taking some money out of your CA$ account(s) and hoping to time the forex fluctuations by trading back and forth between your accounts won't be worth it, unless you're playing with huge figures (but then there are better things to do with the money), especially since I would guess the most significant move in the US/CA$ rates has already happened.

If you do decide it's worthwhile to open a US$ account, the biggest issue is converting currencies between your accounts. Your Canadian bank will (not surprisingly) take an enormous cut on the forex rate (3-4%), so on any transaction of a significant amount, you'll want to use a third-party to handle the transfer. There are local companies and digital companies that can do this for you, essentially at spot rates... Without that, it's essentially pointless and just a nice way to give your bank an extra 3-4% on your money for no reason.

[Manhattanboy]

Originally Posted by FlamesAddiction

I was just looking at how to open a US$ savings account in Canada. It's not something I realized you could before.

Now I just need to do the math and see if the transaction fees would be worth it. I will also admit that I don't understand all the factors that make the CAN$ lower than the US$. Are these events likely to lead to a lower Canadian dollar? It's actually up about a cent in the past few days, but obviously you can't generate a trend from that.

It’s quite easy and you can even get a US$ Visa card if you travel south frequently. If you use your C$ credit card in the US you actually get nailed twice, once on the exchange (at a brutal rate) plus an admin fee.

[GGG]

Originally Posted by FlamesAddiction

I was just looking at how to open a US$ savings account in Canada. It's not something I realized you could before.

Now I just need to do the math and see if the transaction fees would be worth it. I will also admit that I don't understand all the factors that make the CAN$ lower than the US$. Are these events likely to lead to a lower Canadian dollar? It's actually up about a cent in the past few days, but obviously you can't generate a trend from that.

The cheapest way to do it is using Norbits gambit with and IBKR or Questrade account and the. You can then invest a a T-bill etf

[GGG]

Originally Posted by Manhattanboy

Who is converting all of their available cash to US dollars? Because at this rate $.50 is not unrealistic.

Trump should provide Alberta with a ROFO at statehood and as an incentive the right to convert at par. Who is in?

We should have a poll.

What’s changed since Trumps election that would have you suggest a 50 cent dollar is more likely?

[Goriders]

Originally Posted by Jacks

Trump would change his tune in a hurry if someone showed him how Canadians vote. Most Conservative voters and a chunk of Liberal voters here are are closer to the Democrats than Republicans, the rest are closer to Bernie Sanders. The current version of the Republicans would get the most right wing Cons and the PPC vote. It would be like adding another California to their elections.

Pretty sure he just wants our resources. We would be converted to slaves. Because of what you stated.

[Fuzz]

Originally Posted by Manhattanboy

Who is converting all of their available cash to US dollars? Because at this rate $.50 is not unrealistic.

Trump should provide Alberta with a ROFO at statehood and as an incentive the right to convert at par. Who is in?

We should have a poll.

Here's my poll. Go #### yourself. You want to be American, it's not a far drive.

[2Stonedbirds]

This is the populist nationalism we've been waiting for.

[Fuzz]

####ing traitorous pigs. There was a time people suggesting this would be hung from the gates of the capital. I long for those days.

[blender]

I know there are some clueless people about, but anyone who believes it is better to be American than Canadian, now or in the future, is a new level of ignorant.

[Looch City]

Why aren't our politicians doubling down on California and Dem states becoming Provinces? Keep repeating it like he does.

Play the same game as him. He's a damn clown, so play along with him and be absurd.

[Looch City]

Also, there should be no Canadian politicians going to his inauguration when he continuously spews this 51st state ####.

[rubecube]

Originally Posted by Doctorfever

I don’t see the CPC making a deal with the NDP.

As far as the NDP being the opposition, in my eyes, they should have voted down the government a while ago and forced an election. Definitely a tactical error marrying up with the Liberals as long as they did, especially when you could see the government popularity plummeting.

So now they have to try and distance themselves from the Liberals, and show that they can be a viable alternative. Propping up the Liberals for any longer is not how they will achieve that goal.

I don't think they will make a deal, but if you're going to play the left-wing populist card, you have to make it look like PP doesn't actually give a crap about the working class and is going to make health care more inaccessible and unaffordable (which he probably will).

[Slava]

Originally Posted by Fuzz

Here's my poll. Go #### yourself. You want to be American, it's not a far drive.

The people in favour of this are the same people who run around with Canadian flags upside-down.

The poll in the Globe and Mail said 13% in favour and 82% against, which was an online poll, so no margin of error because it’s not considered random.

[rubecube]

Originally Posted by Jacks

Trump would change his tune in a hurry if someone showed him how Canadians vote. Most Conservative voters and a chunk of Liberal voters here are are closer to the Democrats than Republicans, the rest are closer to Bernie Sanders. The current version of the Republicans would get the most right wing Cons and the PPC vote. It would be like adding another California to their elections.

Well that would only matter if Trump and the GOP actually respected the democratic process. They have proven time and time again that they do not.