What you forgot was that day trading is a holy grail pursuit for the get rich quick artist. Long term investment to CONSERVE value is what the average investor wants. The US economy is collapsing in front of your eyes. Can you grasp the opportunity to survive and profit? You will answer that question by your actions rather than your words. Good Luck!
What you forgot to point out was:
1. that at noon it appeared that the EURO droped by 1.21%, the UK pd dropped by 1.04%, the Japan $ dropped by 1.04%, but the CAN $ did not move...
2. in the prior 24 hours the CAN $ had dropped by 1.5%
and in the next few hours began to drop again.
and
3. BoC "interest rate" games have not had, have not, and will have NO impact on "oil price" driven inflation.
Old economic so-called wisdom has no current "value" - no pun intended.
I've been doing a little research. It seems when the gas prices went up to around .99-1.20 in 2005, people were screaming, protesting, newspapers were writing furiously for gas price relief. Now forward to 2008. Nothing. No protests, little media attention. Hmm....think we need to do something people?! I live in Ottawa, I can get to Parliament Hill, anyone else wanna join me? That's nice if oil is dropping in price, so why not at the pumps? Enough is enough!
Muset -- your quasi-communist rethoric is amusing, but there is a reality out there.
How about US is our by far the largest market, so if they stop buying, we stop selling, and half the Canada shuts down.
It's amazing how long the BoC are able to make up flimsy excuses and lies to explain away why the Canadian dollar is being pinned to the US dollar. The real reason is because of the North American Union. The NAU is also the reason why the neo-con government is aligning our laws and our values with the US.
Wow they are going public and actually announcing that OIL prices are RETREATING, now before when the prices would drop they wouldnt jump out to yahoo and post and article...this is good news, usually when something is announced like this its the start of a steady fall on oil prices...lets hope.
