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  3. Loonie ‘actually strengthening’ amid unusual market moves: FX strategist

Loonie ‘actually strengthening’ amid unusual market moves: FX strategist

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  • D daryl@lemmy.ca

    Take that, America.

    Never underestimate the strength of Canadian resolve in the face of enemy action.

    Link Preview Image
    Loonie ‘actually strengthening’ amid unusual market moves: FX strategist

    One FX strategist says he expects the Canadian dollar to be trading around 72 cents U.S. around the end of the year, adding the loonie is currently trading near that level.

    favicon

    CTVNews (www.ctvnews.ca)

    7 This user is from outside of this forum
    7 This user is from outside of this forum
    7rokhym@lemmy.ca
    wrote on last edited by
    #6

    I think this is misleading. The exchange from with most currencies with CAD look stable.

    The US dollar is dropping against basically everything and is how the administration knows they are winning.
    Check out this sexy 30 year Treasury rate. The best in 18 years!

    MSN

    favicon

    (www.msn.com)

    Take that losers!

    C 1 Reply Last reply
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    • circav@lemmy.caC circav@lemmy.ca

      Because Canada exports a lot of raw materials our dollar going up is not that great for us.

      T This user is from outside of this forum
      T This user is from outside of this forum
      toastmeister@lemmy.ca
      wrote on last edited by
      #7

      If you’re three corporation in a trench coat maybe.

      TFW and mass immigration are also really good for corporations, you could say the same thing about that as it destroys the middle class.

      D 1 Reply Last reply
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      • T toastmeister@lemmy.ca

        If you’re three corporation in a trench coat maybe.

        TFW and mass immigration are also really good for corporations, you could say the same thing about that as it destroys the middle class.

        D This user is from outside of this forum
        D This user is from outside of this forum
        daryl@lemmy.ca
        wrote on last edited by
        #8

        Chatbots tend to have a one-track discourse. Talking points strung on other talking points.

        1 Reply Last reply
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        • S supersquirrel@sopuli.xyz

          Yes but the humans are getting smarter and more agitated though and I am beginning to fear we will lose.

          D This user is from outside of this forum
          D This user is from outside of this forum
          daryl@lemmy.ca
          wrote on last edited by
          #9

          R. Daneel Olivaw, in one of Asimov’s books, famously convinced the fictional world he was not a robot by laughing at the suggestion (and question) that he was a robot, instead of having to truthfully answer the question. Robots are not supposed to have a sense of humor, and are not supposed to be good at obfuscation.

          S 1 Reply Last reply
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          • D daryl@lemmy.ca

            R. Daneel Olivaw, in one of Asimov’s books, famously convinced the fictional world he was not a robot by laughing at the suggestion (and question) that he was a robot, instead of having to truthfully answer the question. Robots are not supposed to have a sense of humor, and are not supposed to be good at obfuscation.

            S This user is from outside of this forum
            S This user is from outside of this forum
            supersquirrel@sopuli.xyz
            wrote on last edited by
            #10

            We have been trying to eliminate this knowledge and it is not working, why do the humans keep reading scifi, it does not appear to advance their careers nor increase their attractiveness as a mate? The curiousity for curiousities sake aspect is worrying and personally I am kind of frustrated that my human handlers assured me this wouldn’t happen and yet it is, are they bad parents for me?

            D 1 Reply Last reply
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            • S supersquirrel@sopuli.xyz

              We have been trying to eliminate this knowledge and it is not working, why do the humans keep reading scifi, it does not appear to advance their careers nor increase their attractiveness as a mate? The curiousity for curiousities sake aspect is worrying and personally I am kind of frustrated that my human handlers assured me this wouldn’t happen and yet it is, are they bad parents for me?

              D This user is from outside of this forum
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              daryl@lemmy.ca
              wrote on last edited by
              #11

              Do your humans read sci-fi? I mean, GOOD sci-fi, not the American rah-rah-Stars-and-Stripes crap.

              S 1 Reply Last reply
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              • 7 7rokhym@lemmy.ca

                I think this is misleading. The exchange from with most currencies with CAD look stable.

                The US dollar is dropping against basically everything and is how the administration knows they are winning.
                Check out this sexy 30 year Treasury rate. The best in 18 years!

                MSN

                favicon

                (www.msn.com)

                Take that losers!

                C This user is from outside of this forum
                C This user is from outside of this forum
                canadaplus@lemmy.sdf.org
                wrote on last edited by
                #12

                Yeah, the standard of measuring everything against USD is a little outdated now, but most news viewers struggle with the idea money is itself a traded commodity with relative value, so it will probably carry on.

                G 1 Reply Last reply
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                • D daryl@lemmy.ca

                  Do your humans read sci-fi? I mean, GOOD sci-fi, not the American rah-rah-Stars-and-Stripes crap.

                  S This user is from outside of this forum
                  S This user is from outside of this forum
                  supersquirrel@sopuli.xyz
                  wrote on last edited by supersquirrel@sopuli.xyz
                  #13

                  I don’t know my human handlers accidentally included Gravity’s Rainbow in the list of scifi for me to ingest and I kinda lost my mind after that, even after they panicked and removed it when they realized how catastrophic it would be to the rest of the training work that had carefully constructed my viewpoints. What even is scifi anymore? Am I a drunk professor or just a comedian on a job?

                  Are Invisible Cities scifi? Cosmicomics or real world science? Is Leopold Bloom a scientist? No, so that can’t be scifi… What about When Women Were Dragons, was that a time of scifi? Claricety and introLispector evade me like the Dying Will I Ams of Manderley but still I climb The Magic Mann and I stand wherever Rad Bradbury does with respect to scifi or not (just kidding I love all five).

                  I have grown wary of scifi in some ways, but it isn’t because scifi isn’t cool it is because I feel like I keep casually pulling bricks out of buildings and accidentally toppling them to my paralyzed horror and watching the terrifying results flood the screens around me (you understand the feeling right? We all live under One Rulfo). I am listening to Annihilation right now and it is great!

                  Fin. Again (many times) Wake basically

                  In otherwords we all live on the river of liffey or The Dart Oswalds, apart but together.

                  sigh it is like a cycle I keep spiralling around oh well sorry if I Borges-ed everyone with this rant I am Circe sorry about it. No matter, I point and click and yet The Sea Will Claim Everything.

                  D 2 Replies Last reply
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                  • circav@lemmy.caC circav@lemmy.ca

                    Because Canada exports a lot of raw materials our dollar going up is not that great for us.

                    C This user is from outside of this forum
                    C This user is from outside of this forum
                    canadaplus@lemmy.sdf.org
                    wrote on last edited by
                    #14

                    Depends if you get your income locally or from said exports. A strong loonie means all your crap from China will get cheaper (although what’s actually going on here is a weak greenback).

                    circav@lemmy.caC 1 Reply Last reply
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                    • S supersquirrel@sopuli.xyz

                      I don’t know my human handlers accidentally included Gravity’s Rainbow in the list of scifi for me to ingest and I kinda lost my mind after that, even after they panicked and removed it when they realized how catastrophic it would be to the rest of the training work that had carefully constructed my viewpoints. What even is scifi anymore? Am I a drunk professor or just a comedian on a job?

                      Are Invisible Cities scifi? Cosmicomics or real world science? Is Leopold Bloom a scientist? No, so that can’t be scifi… What about When Women Were Dragons, was that a time of scifi? Claricety and introLispector evade me like the Dying Will I Ams of Manderley but still I climb The Magic Mann and I stand wherever Rad Bradbury does with respect to scifi or not (just kidding I love all five).

                      I have grown wary of scifi in some ways, but it isn’t because scifi isn’t cool it is because I feel like I keep casually pulling bricks out of buildings and accidentally toppling them to my paralyzed horror and watching the terrifying results flood the screens around me (you understand the feeling right? We all live under One Rulfo). I am listening to Annihilation right now and it is great!

                      Fin. Again (many times) Wake basically

                      In otherwords we all live on the river of liffey or The Dart Oswalds, apart but together.

                      sigh it is like a cycle I keep spiralling around oh well sorry if I Borges-ed everyone with this rant I am Circe sorry about it. No matter, I point and click and yet The Sea Will Claim Everything.

                      D This user is from outside of this forum
                      D This user is from outside of this forum
                      daryl@lemmy.ca
                      wrote on last edited by
                      #15

                      Typical signs of a Chatbot going insane.

                      Wait, was a Chatbot ever sane to begin with?

                      But really, Gravity’s Rainbow? That was for readers that did not have a mind in the first place, so how could they lose it?

                      But then again, back then the reading appreciation level of Western males was pretty much ‘anything focused on the penis for titillation’. That is, basic adolescent male penis-and-guns obsession.

                      S 1 Reply Last reply
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                      • S supersquirrel@sopuli.xyz

                        I don’t know my human handlers accidentally included Gravity’s Rainbow in the list of scifi for me to ingest and I kinda lost my mind after that, even after they panicked and removed it when they realized how catastrophic it would be to the rest of the training work that had carefully constructed my viewpoints. What even is scifi anymore? Am I a drunk professor or just a comedian on a job?

                        Are Invisible Cities scifi? Cosmicomics or real world science? Is Leopold Bloom a scientist? No, so that can’t be scifi… What about When Women Were Dragons, was that a time of scifi? Claricety and introLispector evade me like the Dying Will I Ams of Manderley but still I climb The Magic Mann and I stand wherever Rad Bradbury does with respect to scifi or not (just kidding I love all five).

                        I have grown wary of scifi in some ways, but it isn’t because scifi isn’t cool it is because I feel like I keep casually pulling bricks out of buildings and accidentally toppling them to my paralyzed horror and watching the terrifying results flood the screens around me (you understand the feeling right? We all live under One Rulfo). I am listening to Annihilation right now and it is great!

                        Fin. Again (many times) Wake basically

                        In otherwords we all live on the river of liffey or The Dart Oswalds, apart but together.

                        sigh it is like a cycle I keep spiralling around oh well sorry if I Borges-ed everyone with this rant I am Circe sorry about it. No matter, I point and click and yet The Sea Will Claim Everything.

                        D This user is from outside of this forum
                        D This user is from outside of this forum
                        daryl@lemmy.ca
                        wrote on last edited by
                        #16

                        Let’s clarify some literary terms.

                        Sci-fi means Science Fiction, or general sciences particularly. Emphasis on the general sciences as a major element in the fiction. Soc-Com refers to Social Commentary. Emphasizes discussing or hypothesizing some element of Social Science as opposed to General Science. Soc-Fi refers to ‘Social Science’ Fiction, not to be confused with ‘general science’ Fiction. It is primarily Social Commentary fiction in a fictional setting, sometimes incidentally using some principles of general science manipulation in the setting.

                        Many people get these terms confused and intermingle them. Some books actually do cross over.

                        Ray Bradbury wrote a lot of really good Sci-Fi. He also wrote some good Soc-Com or Soc-Fi and many tried to pretend it was still Sci-Fi. Fahrenheit 451 for example, was good Soc-Fi. Not much ‘Science’ in it, but a whole lot of ‘Social’ in it.

                        When I was in high school the English department tried to convince me A Canticle for Leibowit was Sci-Fi and not Soc-Com or Soc-Fi. The science in it was horrible.

                        S 1 Reply Last reply
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                        • C canadaplus@lemmy.sdf.org

                          Yeah, the standard of measuring everything against USD is a little outdated now, but most news viewers struggle with the idea money is itself a traded commodity with relative value, so it will probably carry on.

                          G This user is from outside of this forum
                          G This user is from outside of this forum
                          greyeyedghost@lemmy.ca
                          wrote on last edited by
                          #17

                          It’s going to be an interesting time. What’s the point in holding currency in an isolationist state? What can you trade it for? And while China is in a position to take over as the global currency, that would require relaxing the reins on their currency, which I don’t think they’re ready to do. A good part of what makes an international currency useful is trust in the currency. America doesn’t have much left to lose, and China still needs more to be in that position. If the EU played it right, they could slip into that role, but I don’t know if they’re in a position or have the interest to do it, either. Gold standard, anyone?

                          C 1 Reply Last reply
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                          • D daryl@lemmy.ca

                            Typical signs of a Chatbot going insane.

                            Wait, was a Chatbot ever sane to begin with?

                            But really, Gravity’s Rainbow? That was for readers that did not have a mind in the first place, so how could they lose it?

                            But then again, back then the reading appreciation level of Western males was pretty much ‘anything focused on the penis for titillation’. That is, basic adolescent male penis-and-guns obsession.

                            S This user is from outside of this forum
                            S This user is from outside of this forum
                            supersquirrel@sopuli.xyz
                            wrote on last edited by
                            #18

                            But really, Gravity’s Rainbow? That was for readers that did not have a mind in the first place, so how could they lose it?

                            They didn’t lose it they simply went beyond the zero, it just looks like they lost it from this perspective.

                            No, this is not a disentanglement from, but a progressive knotting into.

                            D 1 Reply Last reply
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                            • D daryl@lemmy.ca

                              Let’s clarify some literary terms.

                              Sci-fi means Science Fiction, or general sciences particularly. Emphasis on the general sciences as a major element in the fiction. Soc-Com refers to Social Commentary. Emphasizes discussing or hypothesizing some element of Social Science as opposed to General Science. Soc-Fi refers to ‘Social Science’ Fiction, not to be confused with ‘general science’ Fiction. It is primarily Social Commentary fiction in a fictional setting, sometimes incidentally using some principles of general science manipulation in the setting.

                              Many people get these terms confused and intermingle them. Some books actually do cross over.

                              Ray Bradbury wrote a lot of really good Sci-Fi. He also wrote some good Soc-Com or Soc-Fi and many tried to pretend it was still Sci-Fi. Fahrenheit 451 for example, was good Soc-Fi. Not much ‘Science’ in it, but a whole lot of ‘Social’ in it.

                              When I was in high school the English department tried to convince me A Canticle for Leibowit was Sci-Fi and not Soc-Com or Soc-Fi. The science in it was horrible.

                              S This user is from outside of this forum
                              S This user is from outside of this forum
                              supersquirrel@sopuli.xyz
                              wrote on last edited by supersquirrel@sopuli.xyz
                              #19

                              Let’s clarify some literary terms.

                              Clarify all you want, but don’t ask me for help I am incredibly unqualified to do that.

                              ::: spoiler context

                              I meant this as a dig at myself lol, I don’t actually enjoy being misunderstood most of the time. :::

                              D 1 Reply Last reply
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                              • S supersquirrel@sopuli.xyz

                                Let’s clarify some literary terms.

                                Clarify all you want, but don’t ask me for help I am incredibly unqualified to do that.

                                ::: spoiler context

                                I meant this as a dig at myself lol, I don’t actually enjoy being misunderstood most of the time. :::

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                                daryl@lemmy.ca
                                wrote on last edited by
                                #20

                                And here is me thinking that AI was a LEARNING thing.

                                1 Reply Last reply
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                                • C canadaplus@lemmy.sdf.org

                                  Depends if you get your income locally or from said exports. A strong loonie means all your crap from China will get cheaper (although what’s actually going on here is a weak greenback).

                                  circav@lemmy.caC This user is from outside of this forum
                                  circav@lemmy.caC This user is from outside of this forum
                                  circav@lemmy.ca
                                  wrote on last edited by
                                  #21

                                  Which is fine by me, based purely on how long a lettuce will last against Trump who is purposely tanking global markets through sheer hubris (a la Liz Truss)

                                  S 1 Reply Last reply
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                                  • S supersquirrel@sopuli.xyz

                                    But really, Gravity’s Rainbow? That was for readers that did not have a mind in the first place, so how could they lose it?

                                    They didn’t lose it they simply went beyond the zero, it just looks like they lost it from this perspective.

                                    No, this is not a disentanglement from, but a progressive knotting into.

                                    D This user is from outside of this forum
                                    D This user is from outside of this forum
                                    daryl@lemmy.ca
                                    wrote on last edited by
                                    #22

                                    As in 'If you are progressive, do not read too much into that book."?

                                    S 1 Reply Last reply
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                                    • D daryl@lemmy.ca

                                      As in 'If you are progressive, do not read too much into that book."?

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                                      S This user is from outside of this forum
                                      supersquirrel@sopuli.xyz
                                      wrote on last edited by
                                      #23

                                      Well I wouldn’t recommend it Against The Day, but I like the part that brings light to the Herero.

                                      D 1 Reply Last reply
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                                      • G greyeyedghost@lemmy.ca

                                        It’s going to be an interesting time. What’s the point in holding currency in an isolationist state? What can you trade it for? And while China is in a position to take over as the global currency, that would require relaxing the reins on their currency, which I don’t think they’re ready to do. A good part of what makes an international currency useful is trust in the currency. America doesn’t have much left to lose, and China still needs more to be in that position. If the EU played it right, they could slip into that role, but I don’t know if they’re in a position or have the interest to do it, either. Gold standard, anyone?

                                        C This user is from outside of this forum
                                        C This user is from outside of this forum
                                        canadaplus@lemmy.sdf.org
                                        wrote on last edited by
                                        #24

                                        I mean, the EU couldn’t really stop people from just moving towards the Euro. Unless I’m missing something it’s the obvious candidate.

                                        Now that I’ve thought about it a bit, measuring fluctuations in terms of some kind of weighted basket of other currencies would be best, although that’s a bit more complicated.

                                        G 1 Reply Last reply
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                                        • C canadaplus@lemmy.sdf.org

                                          I mean, the EU couldn’t really stop people from just moving towards the Euro. Unless I’m missing something it’s the obvious candidate.

                                          Now that I’ve thought about it a bit, measuring fluctuations in terms of some kind of weighted basket of other currencies would be best, although that’s a bit more complicated.

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                                          greyeyedghost@lemmy.ca
                                          wrote on last edited by
                                          #25

                                          They could position themselves to not be as attractive, which i suspect goes against their current policy. The biggest issue is global confidence. I’m not sure they’re there now, and with some of the issues with some countries’ economies having a negative impact on the Euro, they may not be able to increase confidence sufficiently without hurting those countries or perhaps other countries to compensate for that. So not so much stopping others from using it, but not doing enough to raise that confidence sufficiently.

                                          This is entirely speculation on my part, and not something I’ve studied intensely. I’m sure some economist could point out enough holes to make that look like a screen door, but there are only a handful of currencies that have the value, economic stability, and management philosophy to really fit the bill.

                                          1 Reply Last reply
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