/biz/ - Business & Finance

>the shit's hittin thy fan

>>819335
Wat do?

>>819344
Buy gold and bitcoin.

>>819344
Buy high, sell low

>>819349
thanks. liquidating my oil sands position at a $2000 loss. Going to rebuy the dip

>>819348
is silver ok?
people like cars what about palladum? i hear palladium is car-tier

Canada is in trouble. The tar sands are taking a huge hit and will get worse when irans 20 million barrels of oil flood the market. China's stock market crash could have effects on Toronto and vancouvers real estate in a negative way as chinese investors scramble for liquidity. Add the aging population and the fact there are more old age pensioners than contributors while unemployment is at it's highest in decades with massive student debt. Now it doesn't take much to see Canada's economy is headed straight to hell.

To hedge I'd recommend purchasing US currency, bitcoin and gold. This is going to be a bumpy ride for Canadians.

>>819362
can i hedge by buying guns?

>This is going to be a spectacular crash. Probably even better than the US one in 2008.
are you retarded?

>>819366
I don't see why not.

>>819348

> buy gold
> lol
> point and laugh at the piker

Gold will continue to drop until about $700/oz. It is the ultimate pleb investment. Silver is the same shit. Long live the US Dollar. Short gold, short gold miners, short silver, short silver miners.

It is the easiest trade in the entire market, and all of it is going to keep moving down.

> bitcoin
Second biggest pleb investment. Enjoy going broke. At least not as bad as gold/silver.

>>819335
As an owner of an apartment in downtown vancouver should I sell when the Canadian dollar is so low compared to the states or should I wait until oil picks up again and Canada isn't third world poor again and then sell.

The report from the bank ofncanada is so shitty, GDP dropped into the negatives, bad bad news all around, nothing working for Canada's banks. Should I an hero.?

I'll wait a bit to buy VCN when it bottoms out.

>>819421
Silver has been tanking lately. It's not a good investment.

>>819344

Stay liquid, and preferably away from Canadian equities. TSX is trash because literally half of the listings are energy related, and we're going to be at $50 per barrel for a while.

>>819368

I admire the care and intellect you've devoted to formulating your argument.

It's going to be more severe because it will literally wipe out anyone that took out a mortgage in the last 10 years with less than 50% equity in it, meaning most of the middle class...

So many financially illiterate people, are so badly leveraged, with basically no savings, no TFSA's, no balanced portfolio's, and all of their net worth tied up in a single asset, which is their house.

Unlike a stock crash, which affects only wealthy people who invest, a debt crash will wipe out a large segment of the population.

Brace yourselves.

>>819447

Your mortgage is going to be worth more than the market price of your apartment very shortly.

I'd think about selling and converting that asset to cash, and buying when there is a stock sell-off.

>>819348

>Gold and BTC

Never hold more than 5% in physical gold/PGEs of your assets. It's generally not a good investment.

>>819362
In the long run this might be what the country needs. Since the Trudeau years this place has been pillaged by a bureaucratic elite who have ballooned an inefficient public sector, wasted billions on ill thought out and poor projects, and all the while failed to spark any evolution in an economy which is so heavily reliant on our natural resources.

I honestly wish I was an American. You guys have huge challenges but possess an extremely passionate population. Our citizens are apathetic and incredibly entitled.

>live in Alberta
>working a dead end job
>decide to get in on the oil boom
>go to tech school
>graduate when the prices fell
>can't find a job
>have to go back to my dead end job

a-at least I'm not in debt

>>819601

Are there ANY jobs in this damn country?

>>819604
The sad part is that you probably still have better job prospects in recession Alberta than other parts of the country, there's still jobs here but the whole "100k starting camp job only requirement: H2S ticket" jobs are basically gone

>>819468

Canada is a banana republic. Aside from oil, it has nothing. It is a degenerate country where most employment is government - In other words a nation of complete and utter uselessness. All major industry has been sold out to the US at a bargain.

Successful businesses such as telecom and cable companies are only successful because legislation ensures no foreign competition (which would obliterate the canadian companies)

The Canadian peso is still greatly overvalued. It is literally a wampum-tier turd currency.

If anyone reading this ever decides to do something so shit-headed as invest in Canadian assets, just research great Canadian failures (which is standard procedure and probably taught at Canadian lol-tier biz schools)

> Bre-X
> Cackberry
> Nortel
> etc.

>>819601

Oh man, the feels..

I spent $40,000 on a geology degree and now that prices for all minerals and oil are shit, I'll probably go back to being a salesman. At least I did a GIS minor, which might get me a cartographic job.

>>819651
>Successful businesses such as telecom and cable companies are only successful because legislation ensures no foreign competition (which would obliterate the canadian companies)

Well yeah, that's true, but that's also the case in the vast majority of the world. Canada has a lot of natural resources a VERY LOW amount of R&D / innovation (all that there is is subsidized by the government) and human resources. From my experience tech is okay (Shopify and Hootsuite and a few others), manufacturing at scale is basically impossible, natural resources are too commoditized to be attractive, transportation is profitable, real estate might be profitable.

Ignoring the anti-Canadian agitprop u have some good points.

>>819651

I can't agree more man.

Living in Toronto, I've noticed that there really is nothing here.. The only thing powering the province are some manufacturing relics, which are mostly subsidized by proxy, and I would speculate at least half of the entire economy here is tied somehow to the bloated real estate market, either selling mortgages, insurance, building plywood monster homes and then selling them for $800,000 to morons who don't have actual money, only access to very cheap credit.

This will end VERY badly. Much worse than 2009 was for America.

The sad thing is, they morons that will find themselves in negative equity territory, when their outstanding debt is worth more than the actual property, are going to get bailed-in by the government, because literally the entire middle class in Vancouver and Toronto will be threatened.

>>819651
What do if Canadian?

Should I exchange my money into USD and keep just enough for living in Canadian doll hairs?

Don't worry, everything will sort itself out

>>819682

Get your PAL and get some guns too so you can protect your dollhairs

http://www.bloomberg.com/quote/SCT1:IND

Am I missing something? Or is all of /biz/ retarded?

>>819651
>>819682
Why the fuck would you trade your CAD into USD when it's the lowest rate it's been for a long time. YOU ARE RETARDED. If anything you should be getting ready to sell any USD assets/ holdings you have to transfer into CAD because of the favourable rate

>>819705
Because
>>819349

>Canada economy is sinking
>Australia economy is collapsing
>China is going to implode
>Europe is a debt crisis aka no liquidity
>America rising interest rate to buffer against global economic trends
I smell a global depression coming. This seems oddly familiar.

The pros and cons will depend on your situation.
Are you an exporter? Good for you -- the demand will increase, because CAD will get cheaper.
Are you planning to sell your home? Good for you, because house prices will increase or remain at current levels.
Are you planning to book Christimas vacation on a website that accepts only USD? Get ready to pay more.
Are you a temporary foreign worker who saved a lot of money in CAD savings account, thinking that you'll remit it next month? Well, bad times for you.
The pros and cons for the country in long-term... well that's debatable. Personally, I believe that we're in middle of a credit bubble. Prices are increasing, but salaries have not caught up. The interest rate cuts will further worsen the situation -- it's better to take a small hit now than prop up a bubble that will lead to something far worse in the future. But hey, I'm no economist. There are other knowledgable people (including BoC, of course) who believe that a rate cut is necessary for propping up the economy.

>>819335
Holy shit last time i went to canada exchange was like 1usd=1cad
Now it's
1usd=1.29cad
I had plans to visit Québec again this might speed them up>>819335

Chinese Canadian here
>mfw the world doesn't know the savvy investors in China don't even touch the stock
>mfw stocks in China are just desperate people trying to get rich, corrupted officials laundry money and rich kids playing daddy's money
>mfw all the fobs in Toronto are pic related when they see Yuan to CND exchange rate
>mfw chinks buying out Canada is gonna get a lot worst

Im finally making decent money and now I'm afraid to invest it aggressively which was my plan. What do.

>>819808

New NDP government is going to freeze slant eyes from buying up real estate.

I hope they impose a moratorium on all Chink money coming from HK or the mainland. You can only invest in Canada as long as it's a business or industry, and not your relative's fruit business.

Prepare your anus Wang Pang, it's going to get a lot harder bringing your dirty money into Canada. Money you obtained only through unscrupulous and illicit ways by abusing the peasants that came to the cities.

>>819831

>Real estate
>literally baby's first investment.
The agriculture and supermarket business is lucrative. restaurants business is decent. A lot of factories and general labor business are on the rise through net works and agencies the ones don't speak English can find jobs and the ones that helped them find it can get paid. not to mention the international trade business will always be there

>>819831
>Money you obtained only through unscrupulous and illicit ways by abusing the peasants that came to the cities.
I'm Russian but saying this about the Chinese just shows you as retarded. Its just business, nothing less, nothing more.

>>819939
>I'm Russian

Yeah, that makes you even less credible.

The only kind of "business" you Russians know are the ones were you pillage former state assets, strip all the factories and equipment down to the the bare cement, and sell them off to anyone interested, call it "privatization" and then proceed to call yourself a "business man" or oligarch.

>>819861

>The agriculture and supermarket business is lucrative

>Agriculture

I've never seen an Asian farmer in Canada.

Organized asian crime is ridiculous.

>local chinese/asian people buy and import drugs from mainland china/asia
>sell drugs
>eventually mainland china drug sellers move in massive dirty money and start legitimate businesses
>hire the smart ones from drug industry
surprise you are now a business owner who can sell at a loss and push out competition because you're laundering

>>819955
In canada anyway

>>819945
Dude, if you wanna talk about the old times - those state assets were build literally by slaves, people earning 100 rubles/month, the rest was confiscated for the higher ups at the "party". My grandparents build them basically. Vast majority of them were absolutely worthless because without money as a reward, people didn't really do that much on them. The only decent stuff was metallurgy, clothes, some machine/tool building, and natural resources extraction. Making money in modern Russia - you gotta make something new or at least copy from the west that isn't there yet. I personally know a guy who leads a team designing and making satellites, and not the cubesats, but bigger than that. Rakes in millions on contracts. Anyway, I'm here for my masters degree so it doesnt really matter where Chinese fuck you up the ass, or you fuck them, or you take turns. Just pointing out that in business - ruthlessness is often a good thing. Money doesn't smell.

>>819743
>Buy more thing
An that's were you go wrong

>>819949
>implying you have to be a farmer to invest in agriculture
>>819831
>thinking capital controls are going to solve anything

Looks like I found Canada's problem: liberals.

bump

>>820056

Strict capital controls are for retarded as fuck leftists who think they can dictate the behaviour of the market. Far better to tweak the tax system to punish the kind of investment you don't want and reward the kind you do. Want to control property speculation? Don't just ban foreigners from buying, instead raise property taxes, perhaps include a different bracket for owner-occupiers if that's something you want to encourage. Use the revenue to cut a tax somewhere else where you want to encourage growth.

>>819939
>I'm Russian
Calm down, Vlad. Your economy is shit.

>>819335
Buying gold, silver and some commodities.

Fuck bitcoin, the long-term value of all fiat money is 0. Bitcoin is no different.

>>821367
Except bitcoin isn't fiat.

>>821335
Do you even read the World Bank reports kid? I mean I wouldn't dare challenge your caricature view of the world, but shit kid, get your info from some real sources.
>mfw RUSS shills were all over this place back in December.
>mfw they lost their shirts
>mfw I got gains on RUSL

>>819360
Silver is certainly more volatile in terms of day-to-day price.. Over the long term it should see more gains than gold. Currently the silver to gold price ratio is 76:1, where as silver has more uses then gold overall and they come out of the ground at ~14:1.

Having gold never hurts, but in historical and practical comparison it just takes lot of silver to buy one ounce of gold right now.

>>819421
>Gold will continue to drop until about $700/oz.
What's driving this drop?

>>822623
>What's driving this drop?

The remnants of a commodity bubble that inflated 2009-2011.

Gold, silver, platinum have been dropping regular like for a couple of years now. Platinum is the slowest to drop because it's a pretty important industrial metal, but gold and silver continue to slide because their price is speculative and modern industry really doesn't need them (silver is more useful than gold, but it can be replaced by aluminum and copper).

Want a safe haven from the crash? Buy Vanguard Canada VAB. Canadian government bonds. It pays a monthly coupon AND the principal is guaranteed short of the nation of Canada collapsing entirely.

Does gold pay a coupon? No. Silver? No. Platinum? No. Bitcoin. [insert wild laughter]

Alberta real estate fell 40% between 1980-1985 and bottomed when Canadian banks failed in 1985. Everything goes in cycles -- I can't wait to go shopping in Canada when the exchange is USDCAD 1.50

if none of you saw this coming, please, leave /biz/.

>>819604
No go to Saudi

>>819705
>surely it can't go lower!

So do I exchange for cad here soon?

>>822681
fuck that. if you saw this coming, leave /biz/, youre probably too good for this board. if you didn't, stay, you'll fit right in.

>>823622
Still too early. This whole thing was orchestrated by the Harper Gov't because they know they won't hold majority after the election, and they can come back point a finger at the liberals/ndp for it.

It will recover in 3 years

>>819604
Go to north dakota.

Thoughts on the TD e-series?

Canadians please respond

You are all paranoid.

Canada is not going to blow out before the U.S. Has a total collapse.

Everyone bitches about the cost of living in Vancouver but truth is, it's a tiny and young city...

There is a limited amount of land (against the coast and mountains) and the infrastructure is modern and expanding.

It's still cheaper than Paris or New York.

Chinese investors have bought up the real estate because there is great value. I'm cacasian but I will say Chinese are good with numbers... If they all start selling , then get worried.

Canada is fine, it's becoming a center for modern skilled trades. Which are competitive, but that's the way she goes.

>>819604
>tfw numerous high 5 low 6 figure job offers every month
>recruiters in contact daily

Get more applicable skills

>>819703
What is your point? I dont know what sct futures are.

The CAD was shit 10 years ago, whats so big if it goes back to shit ? We were always 60 to the usd as far as I can remember.

>>824280
Meanwhile the FED is inflated as fuck and the U.S. Owes China how much?

>>824170
>Thoughts on the TD e-series?

Very yes. Low cost (though not as low as ETFs) and allows you to contribute and buy every paycheque because no transaction fees.

I hold a mix of ETFs and e-series. ETFs for long term cost savings with e-series for bi-weekly purchases. E-series are liquidated for ETF purchase/rebalance yearly.

>>819335
Ah is this why the currency exchanged tipped over the 2.0 mark from GBP to CAD?

Brit in leafland, loving it

>>824427
Leaf in Britland, hating it.

>>824196

By any chance do you work in a government role?

>>819335
May i ask what the current rate is? Also do you hvae a chart of the rate for the last several years?