Invasion
- Thread starter niteowl
- Start date
....and not for long....HBC is going under, and is the subject of a hostile takeover bid from a big-time retail mogul in the U.S. (forget his name). He's acquired a bunch of stock and on a mission to acquire the company.richrad said:
Really, there is no Canadian market and U.S. market anymore - the two countries are so integrated (softwood lumber notwithstanding), it's really just politics (and currency) that sets us apart anymore, at least from the consumers' point of view.
Just complaining about what is or was left that's Canadian and at the rate it is going we may be using the American greenbacks in less than 50 years.
So far, from what I can remember (this late in the day) a few things that we haven't rolled over because they told us to is:
The war in Iraq
Softwood Lumber
Sumas Energy plant
So far, from what I can remember (this late in the day) a few things that we haven't rolled over because they told us to is:
The war in Iraq
Softwood Lumber
Sumas Energy plant
Tim HOrton is Canadian owned.......niteowl said:
The american won't be able to take over everything......
Canadians are rich in natural resources.....
Our Oil Reserves will make us the richest country pretty soon.....
Is it true that the Platinum Club, Broadway Body Care, L'Amerage, Stress Away, Lavanda, and Swan Lake are all American owned?
Sure, Americans are showing us new tricks at the commerce level. They're better than we are at it, and they're showing others elsewhere on this planet also. We learn from them, and eventually create our own successful models that serve mutual interests. Take car parts for instance. Canada has the largest parts supply manufacturing and supply network in the world. Who complains about that? Americans do, of course. Because we are much better at it than they are. So what?
Let's talk culture. The USA's cultural fabric and soul is irreparably imbued with Canadian methodology, musicology, talent and artistry. Anybody complaining about that? Sure, Hollywood is. They fear the great Canadian Invasion and our powerful movie industry. So what?
I could go on and on. But there are other ways to treat paranoia - information being one of them. Perhaps some research and the stimulus of an open mind, fueled with a overall spirit of cooperation, are ways to overcome this sense of inferiority that some Canadians are occasionally stricken with.
You're right, however Wendy's is actively trying to unload TH, so it looks like it could end up back in Canada eventually. So what, eh?
Let's talk culture. The USA's cultural fabric and soul is irreparably imbued with Canadian methodology, musicology, talent and artistry. Anybody complaining about that? Sure, Hollywood is. They fear the great Canadian Invasion and our powerful movie industry. So what?
I could go on and on. But there are other ways to treat paranoia - information being one of them. Perhaps some research and the stimulus of an open mind, fueled with a overall spirit of cooperation, are ways to overcome this sense of inferiority that some Canadians are occasionally stricken with.
You're right, however Wendy's is actively trying to unload TH, so it looks like it could end up back in Canada eventually. So what, eh?
so what?
Who gives a shit? If they provide the service and are successful, so fucking what if they are US based? if we can't compete, we should quit our whining.
Who gives a shit? If they provide the service and are successful, so fucking what if they are US based? if we can't compete, we should quit our whining.
As a person who lives south of the border I would suggest everyone on both sides be more concerned about the Chinese than anyone else. They own about 50% (wild ass guess but it's big) of the world! They own stuff you cannot imagine. Therefore, as I read all the threads about the Bush administration, 911, etc., I think to myself I would much rather be in our current situation than at the mercy of a guy like Mao and his successors. As things are going it may not take too long for the Chinese to own and control everything.
We can cut softwood, cheaper and more efficiently then any US based mill, so perhaps they should quit their whining and drop the tarriff? Haa!Ilovethemall said:
Americans can't stand a fair fight when they are losing.
its beyond me how this is even able to happen??????? i'll vote for the first party that tells them "uh sorry but we don't need your help anymore, maybe you should go home."goodlube said:
So you're worried all these companies are actually American owned?
That's nothing.
The Canadian dollar is based on the US dollar. The Central Bank of Canada is required to keep billions in US dollars as a foreign exchange reserve. And every time the US goes further into debt, Canada is required to buy more US dollars to keep America afloat (or otherwise the Canadian economy would sink too). America effectively exports its debt to Canada, so whenever my namesake asks Congress for another billion dollars, Canadians eventually end up paying for it. Canada can't even fix their own exchange rate without getting approval from the Fed first. So who owns the Canadian dollar? Canada only has a license (from the US) to regulate their portion of it!
That's nothing.
The Canadian dollar is based on the US dollar. The Central Bank of Canada is required to keep billions in US dollars as a foreign exchange reserve. And every time the US goes further into debt, Canada is required to buy more US dollars to keep America afloat (or otherwise the Canadian economy would sink too). America effectively exports its debt to Canada, so whenever my namesake asks Congress for another billion dollars, Canadians eventually end up paying for it. Canada can't even fix their own exchange rate without getting approval from the Fed first. So who owns the Canadian dollar? Canada only has a license (from the US) to regulate their portion of it!
Some items are a little off.georgebushmoron said:
Canada does have a lot of USD as a foreign exchange reserve but nothing compared to Japan, South Korea or China. I believe we have less then $100 billion USD in reserve, and do not seek to increase by any large amount.
The CAD has increased in value drastically compared to the USD, ( bad for Ontario manufacturers) over the last 4 years. From around 64 cents on the dollar to 84 cents on the dollar.
The Canadian dollar is freely traded on the open currency market, with David Dodge, Canada's central banker setting the equivalent of the Fed funds rate, which has a large impact on the value of the CAD. Canada doesnt get approval from fed for setting the exchange rate, as it is a market function. What Canada does do is set economic policies that has an impact on the exchange rate.
Huh?
Maybe you meant something else?
The Canadian dollar is not pegged to the US greenback.georgebushmoron said:
Maybe you meant something else?
Maury Beniowski said:The Canadian dollar is not pegged to the US greenback.
Maybe you meant something else?
That's right, it is not pegged (exchange rate) to the rate of the US dollar. But it is not based on gold, it is backed by our reserve in US dollars.... yet the US dollar is backed by actual gold (in Fort Knox). So as the US dollar devalues, the Canadian dollar also devalues in real terms. The exchange rate is simply the relative rate of exchange between dollars.
felix29 said:
Let's say it's 90 billion USD. In Canadian dollars, that's like 120 billion CAD. Nevertheless, as the world witnessed, the US asked Japan, China and S.Korea for a bail out earlier this year, and all these economies not only complied but gave great "assistance". Canada was not asked. Why? Simply because there was no more Canada could do compared to the thriving east Asian economies. If you closely watched the dynamics of what happened, you might have concluded that these Asian economies had practically no choice, so "to seek to increase by any large amount" is never by the will of anyone but the US government.
CAD has increased value on the exchange rate to the USD, there is no denying that. It is "freely traded" on the currency market, yes. But this is by agreement between Canada and the US. Were Canada to decide to peg its exchange rate to the USD, as did China, surely there would be huge protests from the US. But Canada wouldn't dare because its economy is not anywhere as large as China's (source: http://www.cia.gov/cia/publications/factbook/rankorder/2001rank.html) . When Canada sets interest rates (a tool of monetary policy), it must get approval from the Fed if not within already pre-approved rates. In any case, the Fed must be notified. Setting interest rates is a key factor in the rate of foreign exchange, therefore, the value of your money.felix29 said:
