Tag: USD

Is Canada a short?

In previous blog posts, I've discussed my bearish stance on the Canadian economy as expressed through ( EWC, FXC ) due to the collapse in global oil prices. My original hypothesis was Canada is a resource/energy based economy and declining oil prices would make the 'expensive' oil produced in the oil sands less attractive economically from a producer/investment standpoint. Let's explore that thesis a little more and see if it's validated by facts. Alberta, Canada contains the 'oil sands' depos

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What I'm Watching ( Week of 12.15.14 )

Canada iShares ( EWC ) Canadian assets are facing major headwinds in the current environment. 1. The fall in global oil prices hurt producers' bottom line. Alberta is bracing for a decline in GDP into next year as a result. Click for links to articles. Quarter of new Canadian oil projects vulnerable if oil falls below US$80: IEA With oil trading below US$60, provinces brace for impact of global oil price shock The above chart shows that there are some producers' breakeven Oil price as low

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