Canadian dollar could sink to 50 cents decade from now

[@vikasgrey]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the Canadian dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[@otmanMaya513]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@tyguy104]

The good old Gold route? Silver, copper, whatever

[@ppen8359]

Open a brokerage and invest in spy ticker. That is S&P 500. Maybe invest 500K in stocks and 150K in bonds.

[@ShamileII]

Your guest makes good points. As a US investor in Canadian banks, insurance and oil, your taxes for your citizens are too high. Your capital gains increase will detract from investing in your country.

[@samalexander5236]

Good news for you, your capital gains won’t be taxed in Canada.

[@spiritfluid1667]

They would never lower tax!!! This place is a joke.

[@etienneprinsloo6799]

Giving the Canadian people exactly what they voted for and will do again. Poverty, hunger and taxation. It’s the Canadian way.

[@stevestensby3669]

Who would invest in Canada when you will get taxed to death.

[@bpd9660]

Only fools....

[@AHeinermann]

Capital gains are undertaxed...

[@bpd9660]

Smart people, entrepreneurs, talent are exiting at record levels... only the entitled or incompetent remain...

[@antiprogpragmatist859]

@@AHeinermann…nope….overtaxed

[@Doug-zl8nb]

It's a third world country now

[@richardryan2769]

Canadian Peso on the way.

[@etienneprinsloo6799]

Please go and look at the Canadian dollar exchange rate vs the Mexican Peso. Makes for interesting reading. The Canadians desire to vote themselves into abject poverty is coming true.

[@ironhammer4095]

@@etienneprinsloo6799 There's no one to vote for. They are all clowns. Mulroney gave away our resources in his Free Trade deal. This Canadian shit show is decades in the making. All Trudeau did was accelerate it enough so that the boiling frogs started to notice the heat.

[@bpd9660]

Trudeau Peso

[@MariaWatta]

I have posted this else where before but i just need to let you guys know that there is no economic better place in the world today. Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy. this is the best time to invest aggressively. Lets wake up guys.

[@BrainHarrow]

I totally agree with you hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF or whatever investment you choose to focus on.

[@CatherineAlas-ys8rn]

Very true ,even in the hit of this resection, I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@BridgetNelson-di9kc]

Amazing! im Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@CatherineAlas-ys8rn]

@@BridgetNelson-di9kc I highly recommend Svetlana Sarkisian Chowdhury.

[@RandyLaye]

With Trudeau & Freelunch, I am surprised it not there already.

[@CowboyPants-h5p]

blah blah blah blah blah blah blah

[@hbbstn]

He's damn right. I'm looking to transfer my savings outside of Canada.

[@rupasandhu6061]

You still have to declare your foreign investments in Canada, unless you move permanently.

[@rupasandhu6061]

@@MRZE506 I think you need to talk to an accountant and/or CRA.

[@ericyuan9718]

Use privacy coins like Monero or mixers like Tornado Cash, get your money outta the fiat system to avoid the exit tax.

[@CowboyPants-h5p]

Go for it.

[@jodiekohut9443]

To where? You need a passport or residency.

[@saidaspatange1151]

Get rid of the trudo government

[@lloydkuepfer1599]

But hey that's the point of carbon tax right. Make everything more expensive so you use less. Then throw in WEF and village idoit and bobble head finance minister

[@noexcuses5524]

Weget carbon tax rebate if they took carbon tax, there will be no rebate and no lower in taxes. In fact, taxes will increase without getting a penny back. At least we get something. Guess ur not from canada

[@lloydkuepfer1599]

Why do you say that I'm not from Canada

[@MB-pd2mm]

Our productivity continues to deteriorate compared to the USA, hence our collapsing standard of living brought about by Trudeau and his “budgets balance themselves” mentality. Throw in all our sacred untouchable protected professions and marketing boards and we are destined to continue our plunge. Examples, a legal system that takes 4 years and 5 million dollars to wrap up the Stanley cup riots compared to Great Britain taking 6 months to convict the Croydon London rioters. Our marketing boards where quite often the restrictive quota allotment is worth more than all the other inputs making it almost impossible for new entrants. If you want productivity to flourish then allow true competition, sadly very little here in Canada with woke socialist politicians at the helm.

[@stephenmorris8557]

And communist voters.

[@Landstalker1999]

But like he made his cabinet like 50/50 gender equality so like he's totally like qualified and like he's probably like the best prime minister we had like since his dad Fidel Trudeau.

[@MrParkman999]

A decade? How about by the end of the year? Gold silver and bitcoin....

[@leeeduncan]

This is what i was thinking.. i guess it depends what you're comparing it too. Gold? US$? US$ is also losing ground to gold. I guess its a race.

[@9avedon]

The central Banks have already put the brakes on redeeming gold ,silver and bitcoin. They are mapping out your assets underneath you.

[@mikeb5664]

Watch the sky don't hit you in the head.

[@EgilWar]

You can't reduce taxes without reducing the size of government, something Canadians are reluctant to do.

[@ontariofirs7347]

It was a mistake for Canada to abandon the gold standard.

[@Bn-fd9kp]

Decades? Trudeau / Singh have already laid the groundwork for a 50 cent dollar.

[@ziggyd.6119]

Wrong, how do they got to the trough ? stupid canadians put them there.

[@sebastienbolduc5654]

That's because you don't comprehend economics. There isn't enough gold on the planet to support the size of the global market, nor the world's population. If you gathered all of the gold in the world, and put it in one place, it wouldn't even fill an Olympic size swimming pool. Returning to a gold standard would cause more than half of the world's population to die from starvation. You cannot base a currency on it anymore. I don't say this to insult you btw. It's because too many people are listening and repeating what they read and hear about online. Economies, nowadays, are way more complex than back in the day when a gold standard existed.

[@Yotaciv]

It lost 50% of its value in the last 10 years already

[@jonathanmusicco55]

so many great points here JF! on POINT!!

[@mrbrightside473]

Woo! Fighting carbon and mostly ignoring economic growth. Woo! Also taxing our major economic engines (our resources) and cutting out the industries knee caps. Living the dream

[@michaelurban1937]

I think that it could happen sooner due to the disconnected political leaders. We have many countries as we speak, dropping the U.S. reserve currency. The Canadian dollar will also be affected by the results of direction on these developments. We also have unfavorable tax conditions due to bad direction and decisions of political party in control. With myopic views of trying to repair the present damages and not being able to see the future direction on how these decisions are going to develop. Many contractors will not be hired due to high income taxes. So that makes Canadian companies less competitive in a world that is advancing at break neck speed. Eventually, Canada will become the next Venezuela rich in resources but unable to reach its full potential. And burden with social issues that will will cripple its development. And only create a higher deficit. All societies that followed socialist views eventually became failed states in history.

[@sebastienbolduc5654]

I fully agree with you. What they haven't taken into consideration is the cloth that the people are cut from. The Europeans that came to the New World, aka us, are not lemmings. Eventually a cork is going to blow. A lot of these policies and political ideologies that are destroying our nation are coming from European interest groups. These are groups which have infiltrated our governments by having our leaders as members. They've already done a great job ruining Europe. It's time that the New World remains steadfast, and insure that the Old World Order (Europe) stick their noses out of our business. I joke you not. The European elite are still butt hurt that we sent them back bleeding from their rear ends. That applies to both the French and the English. Even the French in North America were beginning to turn against the church and King. It's too complex to get into explaining btw. Then you have recent history, WW1 and 2, etc. The European Union was created to compete against us. The European elite are doing what they've always done, ruling by a hidden hand. They're cowards. That's the difference between the Europeans who remained in Europe compared to our ancestries who left for the New World. When things get bad enough North Americans won't take it sitting down. I think that has already begun.

[@calgarytek]

Folks are sounding off our economic woes on this budget like it is the main reason why they project low growth in the decades to come.This stretches back two decades. Post-Nortel, BlackBerry, and Bombardier the only 'capital investment' Canada has seen is investment in the real-estate bubble. Many articles have been written about how money that should have been invested in new machinery/tools/tech.. All levels government caused our predicament and transcends whether we have a Conservative, Liberal, NDP, at the helm.

[@peej91]

Yep too much invested in real estate and in nothing else. Banks Lent out all that money and now it’s time to collect

[@longago3649]

Nicely said.

[@Peglegkickboxer]

You're righr. Manufacturing died in early 90s, Tech industry died in the early 2000s, Trudeau came in and murdered our petroleum and mining industries. What is there to invest in other than real-estate? This place is as bad as mainland China.

[@dirtlump]

DUH ? The entire point of Carbon Taxation is to discourage usage.... what people aren't realizing is just how dependent their Canadian standard of living is upon Fossil Fuels ? Intending that basically..... your Canadian standard of living, inclusive of all the so-called 'freedoms' provided therein, are being removed through Taxation by reducing discretionary income.

[@HS-uv6yf]

What did you expect from a country that blindly votes liberal and elects a drama teacher cry baby?

[@billyholiday4947]

Fossil fuels? You still believe in fairy tales!

[@jodiekohut9443]

And just how would we hear our homes?

[@mikeb5664]

@@jodiekohut9443 My furnace works less every winter that passes. It just gets warmer.

[@noexcuses5524]

Weget carbon tax rebate if they took carbon tax, there will be no rebate and no lower in taxes. In fact, taxes will increase without getting a penny back. At least we get something back.

[@drd4059]

54% income tax on talent. I have 40 patents and earn patent royalties. If I move to the US I can structure to get capital gains treatment on the royalties and drop the effective tax rate to 21%. Its no wonder that Canada innovates at only 23% of the US rate. The question for government is whether its worthwhile to tax 1% of manufacturing revenue paid in royalties net of R&D cost at a high rate at the risk of losing taxes on the other 99% at lower rates. Socialists are really bad at math.

[@robm9581]

isnt the US 10x our size; so just for that reason alone there will be innovation at a much higher rate; they have more of everything; and China is even growing more then that

[@drd4059]

@@robm9581 Switzerland is smaller than Canada and has 16X as many patents per capita because business conditions are better for innovation. Swiss GDP per capita is $98K vs Canada $55K and Switzerland has no oil.

[@JS-jh4cy]

Crap, I better buy more toilet paper for 2035 before it goes up

[@dannypittari7590]

Smart man.

[@briaf3370]

Now known as the Canadian peso.

[@Peglegkickboxer]

The snow peso

[@GaryCogdal]

In 2010 I bought Gold @1215C sold it last week for 3262C, the rest of my cash turned into trash, and it’s going to get a lot worse, I agree with Tardiff

[@minumcrotchet3301]

According to the Big Mac Index, the Canadian dollar is about 2.4% undervalued against the U.S. dollar today. Going back a few decades, the average exchange rate is about 80 cents and the median is about 78 cents. Maybe I'm off by a cent here, but that's roughly what it is. I'd be shocked if we get to $0.50 ten years from now, especially within the context of a booming commodity market (which is rather likely in the type of inflationary environment being described by JFT). Canada is a big country. If you live in Saskatchewan, Alberta, or Northern Ontario, you're likely going to be just fine over the next ten years, notwithstanding incompetent government officials and central bankers that tend to get in way most of the time. I'll take the other side of JFT's long-term prediction, though I reserve the right to change my mind which ultimately depends on the competence of future governments and central bankers, both in Canada and the U.S. if the CAD/USD exchange rate is what you care about. When two ships are sinking, it may not be all that important to predict the rate at which each ship is sinking from year to year. That is unless you manage money.

[@EagleEye8208]

You don't have to put tariffs on anything when the Canadian government just increases the cost of doing business in Canada.

[@TheMikemontreal]

Trudeau has to cut expenses and stop many programs and giving away billions to foreign entities in Africa and focus on helping Canadians first.

[@tudvalstone]

If Mr Tardif says so, it must be the bottom for CAD. This is the guy who was shorting the Dow at 7000 during GFC. Buy with both hands.

[@TheogRahoomie]

Do not save your money in Canadian dollars.

[@JessT-vg7ib]

Bring back the gold standard.

[@animalmother5287]

Just lower taxes gold ain't going to do chite for anyone

[@Landstalker1999]

It will go that route whether they try nor not because they're turning their own dollar into shyte.

[@catherinerafuse8003]

Well ..lots can change in 10 years. Lets not all start freaking out today😂😂😂😂😂

[@evadeanu1]

Canada is a lost country already. Can’t you see?

[@mikeb5664]

@@evadeanu1 What else do you see?

[@leb1969]

*Thanks Trudeau for what have done to our country, so far. You are doing a great job!* 👎

[@evadeanu1]

Somebody voted him. So we deserve it

[@CowboyPants-h5p]

He would be doing a better job if you up and left the country, permanently.

[@leb1969]

@@CowboyPants-h5p Sure. Keep on dreaming....😴😴

[@Myiata1979]

North America "Argentina "

[@noexcuses5524]

The problem with Canada is they hire foreign worker than residents or people who live in Canada. My cousin was from Asia and he got hired here in Canada while he was still living in Asia. I felt like they should prioritze people here in Canada, the residents/citizens.

[@theartofwanderlust]

The Canadian dream, is to leave Canada

[@UnseenThreat07]

1 million more people from india will fix this!

[@ziggyd.6119]

Do we really need 1 milion taxi drivers ?

[@morganretard706]

Haha 😂​@@ziggyd.6119

[@UnseenThreat07]

@@ziggyd.6119 we need more HELLO SAAR PLEASE SAAR SORRY SAAR HONORABLE SAAAAAAR

[@ziggyd.6119]

@@UnseenThreat07 Hahahhahhaa, good one

[@dalipkhurana7348]

​@@UnseenThreat07racist but good one 😂

[@EmilyHamsterLover]

i sold all my canadian stock, there are no companies that their stock go up in canada, only down

[@jasonlee4655]

Buy usd and bitcoin guys. No point holding CAD. If investment leaves Canada then only thing Canada has oil and million dollar condos. There is no point holding CAD.

[@aivongkham3610]

That’s lib policy for a long time,(lower$$$$is good for economy’s)but for average Canadians will pays more for everything,THANKS,JT Govt’s.

[@kevinl7173]

not decade from now, in a few years $1= $2.5

[@lucasglowacki4683]

Canada loves the poor! So much in fact that they want all of us to experience this love😬

[@Meeksballs]

You won't see this on CBC or CTV.

[@evadeanu1]

Wandering why… due to our corrupt government

[@CowboyPants-h5p]

You won't see nonsense like this posted on CBC or CTV and that is called responsible journalism. Duh.

[@kamenidriss]

This country's future is looking brighter and brighter with each passing day

[@JS-jh4cy]

Jesus people are praying to leave Canada

[@patientzero291]

Canadian prosperity will come in the next 3 to 5 decades when the government push for " Open for Business " policy.

[@noexcuses5524]

Lots of businesses in canada this year are closing.

[@noexcuses5524]

Whats bad is that there are less competition in Canada when it comes to cellphone, cellular data, internet,insurance. If you call those places.the price is eerily the same. Telus, rogers, fido, etc Canada is the number one highest in cell plan in the whole world.

[@daniell2506]

Us citizen pay less taxes but their life is all a la carte they have to pay huge amount of money for insurance , health care , services and so on

[@danielguenette1070]

Thank you for streaming

[@EdwardCheung1]

A change of government from LiberalNDP to Conservative will erase all the wrong doings of the current regime and fix our economic future. We need a regime change.

[@theflowpowa42oshow]

Great that gives me 10 years to do something about it.

[@evadeanu1]

Better think fast and get out of here like other 1 million people leaving Canada every year. You don’t hear that on tv

[@Jamouse200]

Yes , US federal tax as a higher bracket than Canadian federal tax (33% above 680k from the top of my head) but once you include provincial or state tax, no Canadian provinces offer a more competitive income tax than any US state…

[@salpaonessa2968]

Yes it’s higher in the US but they have the advantage of much more deductions. That’s the highest level tax rate though - the average is generally lower federal rate in the US, coupled with some states having no state tax, they attract lots of people. Lots of differences though in many things (insurances higher in the US) to consider.

[@harrysr93]

The Canadian government doesn't like if people are finding ways to survive in this shitty economy so bring in something new. Where's the democracy if we can't bring down the government who's going insane?

[@TimKeachie-o2e]

our dollar is worth 50 cents already can of peas last year was 99 cents now it is 199 so there you go am like everybody am not very happy about it as a senior it's getting harder every week

[@JasenMacTurdsen]

Another 2 million immigrants for 2024 will fix the problem... 41 Million now 43 Million by the end of 2024. 🎉🎉🎉😂😂

[@robm9581]

if u dont want immigration you better start making 3 and 4 kid families; no other way to keep the manpower we need

[@danwelterweight4137]

​​@@robm9581exactly, stupid people complaining about immigration never botter to actually check our birth rate, which is a meager 1.43 babies per woman, way below the 2.01 child per woman needed to natural replacement and population natural growth. If you want to cut immigration, you need to convince Canadian women to stop focusing on their post secondary, post graduate education, careers, going up the corporate ladder, building and running their own businesses. Tell them to renounce feminism and embrace traditional female roles, be stay home moms and wives again, get married younger, focus on building a family, have 4 or 5 babies like their great-grandmothers used to do so they can grow the population naturally. Good luck with that one. Not gonna happen. It's either feminism and gender equality or immigration. One or the other. We need to choose one or the other. And because went force women to go back and become traditional women anymore and focus on having babies we are forced to resort to immigration to supplement our population numbers. Nature is sexist. Nature doesn't care about our feelings. Nature never intended for women and men to do the same tasks and have the same jobs. As a matter of fact many anthropologists say that this is exactly one of the reasons why Neanderthals went extinct. They didn't have division of Labor according to gender. Their women went hunting with their men instead of stay home and take care of their children. As a result they went extinct. The moment the women in our species also refused to fulfill their natural female roles and became like men, naturally the birth rate plummeted. Now the only way we can make our population grow or maintain its numbers is by supplementing it through immigration. No other way about it.

[@andrewphillips5559]

I agree, smart guy. He should replace Trudeau!

[@ironhammer4095]

This guy isn't mentioning how much property tax people pay in the USA. It is a LOT higher than in Canada. Not saying Canada is better than the USA etc just pointing out that this is not a sincere discussion about tax.

[@danwelterweight4137]

Nevermind, the health insurance costs in the states, which happens to be like a coupon if you really get sick there and need treatment. Plus their drug prescription costs there are ridiculously much higher than ours too.

[@tertur2957]

Heard this 30 plus years ago when Garth Turner worked at the Toronto Sun. Never happened.

[@Rickristian]

The only way get out of this is first never vote left again for 60 years minimum because this is how long it willl take to save Canada. And second, sell Baffin Island to China for $1 trillion. Disband all massive liabilities like vial rail, Canada post, CRTC,CBC, all royal positions i.e. ltn governors, governor general ans all associated buildings put out to highest bidder. Ban all green subsidies taken from your pay checks(tax) ban carbon tax forever.

[@MrPattyomally]

The precious metal crew at work! The Canadian dollar will just as likely be a buck fifty US. Once we get a real federal government and develop our resources

[@johnosborne3452]

It won't be a decade it will be at best 10 years

[@dev4statingx90]

All this bearish news and fear and FUD makes me extremely bullish

[@donnyrosart8714]

Good point about Canada having one of the highest capital gains taxes in the world. It's not actually true, but it's a good point.

[@CowboyPants-h5p]

Yeah, lies are always good points in Polievre's universe....

[@amossimon3438]

As we speak the Canadian dollar is only worth 70 cents to the u.s. dollar.as the U.S.dollar drops.Canadian dollar will alwYs be Worth 30% less.

[@u2fanforever1]

Well, at least we'll know who to blame

[@citizeng7959]

The CAD could drop to 50 cents in ten months, let alone ten years.

[@merc340sr]

There are days when it already feels like 50 cents...

[@robrol8365]

Man,the way this woman is asking questions, she seems drunk.

[@ougmass]

Canada has virtually nationalized the Canadians' assets.

[@darceyfiddler2346]

If the United States is doing good, then a Canada does good. There’s nothing wrong with the Americans winning once in a while.

[@tylerarnold943]

Just remember. Grocery stores are having a hard time.

[@dm95422]

50 cents is too modest, more like 10 cents thanks to our current clueless government.

[@stephenfermoyle4578]

no wonder that Lady never smiles.

[@reality1984.]

Between higher prices and the exchange rate the 50 cent dollar is already here.

[@sebastienbolduc5654]

I remember when our currency was worth more than the Greenback. Thanks, Trudeau! Both the father and the son.

[@helpAmerica1]

50 cent is about right

[@MrPatrick1414]

Yep...Cdn dollar is on its way down. Buy Gold or USD (temporarily)

[@Doctor_Bong]

Might have to stuff a pod in a machine and make our own double doubles. nah. too much work.

[@thierrynolevaux9268]

Instead of competing against each other like animals, perhaps we should learn how to work together more efficiently like humans.

[@user-hm5zb1qn6g]

A decade from now?? The loonie will be lucky to be above US 50c by next Christmas.

[@bpd9660]

quite surprised it's this strong... under Trudeau, I would short it massively... Trudeau Peso

[@stephenswistchew7720]

I can’t wait that means every thing will be half price if the dollar goes down to fifty cents and as troody says the budget will balance its self and jaggys pension will be half as much 😂😂😂😂😂😂😂😂😂

[@Toto-cl8rw]

Show me. Predictions rarely become true. Why worry about the boogie man when they do not exist. I have heard over many decades inane predictions a suppositions with no basis. The Canadian dollar could double in value in a decade as well

[@stephenmorris8557]

God's will for our destiny is expressed by the idiots who have been voting for 'free " programs.

[@GoodBoy-sq6sl]

10 years from now 🎃, I go to sleep 🛌🤣🤣🤣🥃

[@Glory-to-God.]

canada will be just like UK and Australia, all these traditional anglo saxon lackeys to US will break apart

[@crashtheimf]

Its alreafy there just being propped up

[@davefoster2962]

USD X is damn strong now against all other currencies too, not only against CAD. It'll come down to re-balance itself as US goods are too expensive due to strong USD causing the demand for US product to go low then there'll be too much surplus of USD on market which would saturate its value, ultimately pulling itself down. Thus correcting itself by the invisible hand of economy. Forget about decade. We don't even know which way my BCE dividend stock swing in coming 5 min.

[@christopherbuckley7544]

Why wait.

[@abhishekjantre1015]

BRICS💪🏻 will dominate the dollar

[@gigachad_6862]

Put every blame on immigration 😅

[@garryhaney108]

Dont think so ! Pp will not allow it

[@dougiep2769]

Being judged against another failed currency. Good luck with that. People are leaving in droves. I mean you can even get healthcare in mexico

[@user-yy3vd9vx7y]

If the wars go on!!!....

[@user-us8hy5bp2v]

Invite the rupee, become the rupee 😢

[@theastuteangler]

"Could"? It is happening by design.

[@JS-jh4cy]

Where's your subtitles

[@mikeb5664]

This is a ridiculous conversation. Don't pretend you know what the markets will do in the future. Its all random.

[@RichardPaulin-r9o]

Canada joining the BRICS monetary agreement in a few years ?

[@timstevens3361]

sooooo wat r we attracting then ? bcuz we are attracting something.