USD at 1.27 today. The sky is falling

[Reef Pilot]

Originally Posted by Rice Reef

which is a way of slowing down spending

Private sector spending that is... Yeah, it's a vicious circle. Means even less market for our goods down there.

Only good news is that our lumber industry in BC will get a much needed big boost (Quebec, too). Certainly can't count on anything happening with our LNG hopes, at least not anytime soon...

[Rice Reef]

Originally Posted by Reef Pilot

Private sector spending that is... Yeah, it's a vicious circle. Means even less market for our goods down there.

Only good news is that our lumber industry in BC will get a much needed big boost (Quebec, too). Certainly can't count on anything happening with our LNG hopes, at least not anytime soon...

Yep. Guess it's time for BC to have some of the lime light. Alberta will be in trouble in 6 mths.... Layoffs already started in the oil sector. 38% drop in real estates sales already...