reuters.com
www.reuters.com

cross-posted from: https://lemmy.ca/post/59320835

Canadian dollar gains 0.5% against the greenback

Touches its strongest since January 2 at 1.3705

Retail sales rise 1.3% in November

Bond yields increase across the curve
  • panda_abyss@lemmy.caEnglish
    8·
    17 hours ago

    Carney has been writing about this for months, he’s got an article in the economist from November or October on variable geometry which goes over these ideas.

    He’s also been constantly travelling for months now building deals.

    I think this was just him finally being in a place he could come out and say “don’t fall into the prisoners dilemma, you have power” and he’d have given a similar speech regardless. Greenland definitely made it more prescient.

    • tomiant@piefed.socialEnglish
      5·
      16 hours ago

      He seems like a supremely accomplished leader. I personally liked Trudeau, and a lot of the shit he got was blatant propaganda play, but Carney seems like he’s legit made to be a statesman and a leader. Canada has every reason to be proud right now.

      • panda_abyss@lemmy.caEnglish
        1·
        2 hours ago

        I liked Trudeau initially, but every time he announced some first time home buyer idea it was just not economically useful.

        i think he’s a decent if kinda spoiled/out of touch guy. I mostly think he was around too long and needed to lean on his experts more, plus communicate better.

      • Lemmyoutofhere@lemmy.caEnglish
        3·
        14 hours ago

        We are lucky to have someone at the helm who has a better understanding of trade and economics better than anyone.

    • Buffalox@lemmy.worldEnglish
      6·
      17 hours ago

      Yes in the speech he mention that Canada has made 20 international deals on trade and/or security.
      For instance Canada has made both a trade deal with EU, but Canada has also joined the EU SAFE partnership. Which is about development and appropriation of military equipment. Designed to speed up defense independence of USA.
      But 20 such agreements in a year is insane, because usually such agreements take many years to negotiate. And although some had been negotiated for years already, it is no coincidence that they all suddenly fall in place within a year of Trump taking the presidency of USA.