I’m far from being a shrewd investor, but one thing I did do right a few years ago was buying as many American dollars as possible when the loonie was above par.
The U.S. money I brought back from Orlando last week from my recent trip to the PGA Merchandise Show was also tucked away in a week that saw the loonie dip below 80 cents U.S. on Friday.
That’s at least one consolation, but one wonders how other investments will fare as plummeting oil prices continue to affect our stock markets.
The federal government has even delayed the spring budget until at least April as it assesses what falling oil prices and other economic factors mean to Canada, which is also experiencing high-profile, significant job losses at places such as Target, Tim Hortons and CIBC to name a few.
I could go on, but you get the drift.
We’ve gone from talk of a federal budget surplus to the government pushing back the release of the spring budget to better measure the economic headwinds coming our way.
What is the strength of those headwinds?
Is the Canadian economy heading towards recession?
- NO (62%)
- YES (38%)
That’s the topic of this week’s GNN Poll. You can vote below or on the GNN home page and, as always, feel free to voice your opinion in the Comment section below.