CANADA YES! Trudeau single-handedly manages to kill NAFTA and decimate Canadian "economy"

Quick Rundown
>NAFTA negotiations start
>Trudeau sends Christina Freeland, a SJW journalist, while Trump sends a 70 year old billionaire investment banker Wilbur Ross to represent them
>Leaf oil trades at a discount to WTI, usually around $10 because it costs more to transport and is of a lower quality
>Leaf oil currently is essentially tarrif-free when imported to the USA
>Since NAFTA negotiations started, the WCS/WTI differential has drastically widened, to nearly $30 from $10 (meaning one leaf barrel is worth less than $30 while one WTI is $56) as Trudeau has demanded ridiculous SJW policies to be introduced into NAFTA, such as feminism (he wants NAFTA to be the first feminist trade agreement), Indian rights, LGBTQ2S+, Trans rights and other SJW policies
>This is almost a direct correlation to the probability of NAFTA being killed by Trump as US refiners demand bigger discounts to account for the risk of NAFTA being killed and a tarrif being introduced suddenly, and since oil takes weeks if not months to be delivered to US refiners via pipeline/train, refiners could have bought WCS futures at say $45 and when taking delivery have to pay a 50% tarrif, wiping out any profit and potentially losing fucktons of money when they refine/"crack" the crude into various refined products such as naptha, gasoline, kerosene/jet fuel etc that are more valuable when sold separately (this is known as the "crack spread" and is the refiners margin)
>The WCS-WTI differential is now so large that the probability of NAFTA being killed is priced in 100%

This will completely fuck the leaf economy and cause a severe recession as the USA is the only customer of leaf oil since they are literally too stupid (muh indians, muh environment) to build any pipelines to sea so they can sell their product to Europe or Asia.

>post yfw Day of the Rake literally is at hand

Other urls found in this thread:

huffingtonpost.ca/2017/11/26/nafta-negotiations-feminist-trade-deals-are-the-way-of-the-future-documents-say_a_23288544/
cbc.ca/news/business/canada-gdp-may-1.4225650
globalnews.ca/news/3709629/business-report-canadian-gdp-growth-strongest-in-fifteen-years/
ustr.gov/countries-regions/americas/canada
cryptome.org/aousc-porn.htm
canada.com/news/national/liberals want feminist nafta unlikely accept 98why would this/14806802/story.html
twitter.com/SFWRedditGifs

>Oilonomics 101
Leaf oil is a heavy oil, meaning the ratio of longer hydrocarbons to shorter hydrocarbons is bigger than say a light oil. This means it is harder for an oil refiner to "crack" (break down the hydrocarbons into shorter ones). This is important because shorter/lighter hydrocarbons are more valuable to a refiner since they are used to make naptha, gasoline, jet fuel, which are more valuable than diesel and fuel oil (used for ships), and heavier crudes also produce more coke and other virtually worthless sludge.

WTI has an API gravity of 39.6 while WCS has an API gravity of 20.5.

>‘A tragedy for Canada’: Petronas cancels $36B LNG project as B.C. jacks up demands

>Claudia Cattaneo: With energy prices collapsing and industry struggling to stay viable, Pacific NorthWest LNG needed less, not more government costs and regulations

>British Columbia’s new NDP/Green coalition government was in damage control mode after the most ambitious of the province’s proposed liquefied natural gas (LNG) projects, the $36-billion Pacific NorthWest LNG, was cancelled Tuesday.

>Both the province and the Malaysian company that proposed it blamed poor global LNG market conditions. The truth is that what should have been a magnificent new Canadian industry, building middle-class jobs from exporting Western Canada’s world-class Montney shale gas to reduce carbon pollution in Asia, has unraveled due in large part to government mishandling — plus fears it would have only accelerated under the new, anti-development provincial government.

>New B.C. Premier John Horgan repeatedly singled out Pacific NorthWest LNG during his election campaign as one that was poorly sited.

>The proof is that the LNG export industry is thriving in the United States under the same global market conditions, while B.C. has yet to see the construction of a single project out of 20 or so proposed since 2011.

Yesterday
>Canada to bring feminism to NAFTA talks in seeking new chapter on gender

>JOANNA SMITH, THE CANADIAN PRESS >12.13.2017

Today
>WTI-WCS differential drops off the face of the earth

>OTTAWA — The Trudeau government knows other countries are raising their eyebrows at the thought of feminist trade deals, but the Liberals are convinced the idea will one day be as obvious as labour and environmental standards are today.

>That is one of the messages Canadian negotiators have been using to try to convince the United States and Mexico to include a gender chapter in the new North American Free Trade Agreement, newly released briefing materials show.

>huffingtonpost.ca/2017/11/26/nafta-negotiations-feminist-trade-deals-are-the-way-of-the-future-documents-say_a_23288544/

>Trudeau sends Christina Freeland, a SJW journalist, while Trump sends a 70 year old billionaire investment banker Wilbur Ross to represent them

fucking LOL'd i lost it at this. its like sending a 3 year old to a death match against a pro mma fighter

>Berlin police say thieves broke into the German capital's Bode Museum and made off with a massive 100-kilogram gold coin issued by the Royal Canadian Mint that's worth millions.

>Dubbed the "Big Maple Leaf" and measuring three-centimetres thick with a diameter of 53 centimetres, the coin has a portrait of the Queen on one side and maple leaves on the other.

>It has a face value of $1 million, but by weight alone it would be worth approximately $4 million US at market prices.

t. literally the last gold canada had was stolen in Berlin

>fucking LOL'd i lost it at this. its like sending a 3 year old to a death match against a pro mma fighter
>3 year old isn't a ferocious MMA fighter capable of disembowling any enemy

pic
related

JUST a friendly reminder that Syrian refugee families get the equivalent of $893,626.31/year in gibs thanks to Cuckdeau. They also get free Dental (Canadians do not get this), Vision and Platinum health care with everything covered, no fees and immediate access to a family doctor— the doctor can even meet them at the airport! (Canadians have to wait 5 years to find a family doctor). They also get free Rx, Daycare, University tuition, and free food/clothes/job training $$ from government funded settlement organizations (just more free gibs) but I'll exclude it from the Gibs Matematics model for now. Many also work on the side in kebab shops.

Model Input: Mohammed, 4 Aishas, 20 Mohammeds (25 members)

>Refugee Gibs Matematics

Gib Housing: $10,000/month (for accommodation in Toronto to house 25 family members)
Gib Government Refugee Money: $700 per adult/month
Gib Canada Child Benefit: $533.33/month/kebab
Gib Ontario Child Benefit: $113/month/kebab
Gib GST/HST Tax Refund: $875/quarter/family
Gib Ontario Sales Tax Credit: $542.66/month/family
Gib Free Dental Platinum Plan: $2000/kebab/year
Gib Free Platinum Health Care: $2000/kebab/year
Gib Free Platinum Vision Care: $1000/kebab/year


Total Annual:
Gib Housing: $120,000
Gib Government Refugee Money: $42,000
Gib Canada Child Benefit: $128,000
Gib Ontario Child Benefit: $27,120
Gib GST/HST Tax Refund: $3,500
Gib Ontario Sales Tax Credit: $6,511.84
Gib Free Dental Platinum Plan: $50,000
Gib Free Platinum Health Care: $50,000
Gib Free Platinum Vision Insurance: $25,000

>$207,131.84/year cash + $120,000 housing benefit + $75,000 in luxury health care
>$402,131.84
>Assuming a tax rate of 55%, 215142/(1-0.55)=893626.31

That’s a pre-tax equivalent of $893,626.31.

They also get a non-repayable, tax-free one-time start-up allowance of $65K, and can bring up to $62.5K cash without it affecting their gibs.

The Inuit people of the far Canadian north have a custom for when their honored tribal elder speaks only words they are no longer confident they can fully understand: they build him a beautiful white boat of ice, and put him on it, and push it away from shore, to be taken away to the glorious land of the spirits, where he can converse with them in words so wise they sound like madness to mortal ears. Then they choose a new elder.

It is time for Trudeau to ride his own boat of no confidence.

GIVE ME A LINK NOW!!!!!

WHAT DOES THIS MEAN?

What happens to Canada's economy now?

What do you require a link for?

iirc it is disrespectful for a non-muslim to say this. Has he converted already? Or is this just another bout of ignorance?

Whatever the case may be this can be used against him.

It is, we can ask some ISIS Leaf Jihadis for the fatwa on this

It will rely on its gol-
Nevermind.

And he's been a Muslim for many years now

>he wants NAFTA to be the first feminist trade agreement

What? I tried looking this up in google, and it seems to be true, but they're not very specific on what the fuck it actually means.

Widespread poverty, crime, suffering and death for the leaf.

The day of the rake is at hand.

I'll do fine. I get my money selling to Americans. When the loonie tanks, my income goes up in proportion.

I'm curious about this as well. wtf is a 'feminist' trade agreement?

You might think we'd learn something, but it's astonishing how often poor people here vote to try socialism harder.

I guarantee, as things get bad, Canadian voters will turn to the NDP. "Save us, NDP! You'll be the ones who can make gibs!"

What the fuck...

So, what do you deal in?

Well Leaf I'll put it to you this way, you are fucked with no hope in sight.

I make software. Games. Not going to ID myself on Sup Forums, mind. Nothing you'd have heard of anyway, I'm not very successful.

I'm trying to think of shit we buy from candada. Maple syrup. Crude oil. Wood. Crappy cartoons. Hockey players and teams.

>Model Input: Mohammed, 4 Aishas, 20 Mohammeds (25 members)
What syrian refugee family has 25 members...lol!

Can you please tell me why despite all of this shit from Trudeau, Canada still has some of the highest standards of living in the world while Hungary is a complete shithole? Also, let me guess, you applied for immigration to here and got refused, so now you shitpost on Sup Forums to feel better about yourself, boohoo

Hmm... makes you think.

Once the GOP pass their tax scam, our leafbux are going back to par in 2 years

I'm dumping my USD holdings 0-3 months after that disaster of a bill passes

America is going to crumble under the weight of its deficits

Trump is so jealous of Trudeau's GDP numbers it's getting sad.

Canada's GDP expanded by 4.6% in the year up to May, strongest pace in 17 years
cbc.ca/news/business/canada-gdp-may-1.4225650

There have been a lot of filthy Hungarians flowing into Toronto the past few years. They're basically gypsies and can't even speak English

Bestility porn

quick run down, you're retarded and have no idea how pipelines and trains work or when they were shut down for spills. this has about as much to do with nafta as my anus

I've been hearing this apocalyptic shit for so long, without any real evidence other than"hurr muh economists said", that i'm starting to wonder if its bullshit

*within* 2 years

>Absolutely no mainstream news talking about this

...

Hey Vault Dweller, I didn't know you browsed Sup Forums.

I should count the canadian cartoons, celene deion, and the porn as one big bucket of poultine.

Your tarrifs are down. Prepare for free trade.

Btw, nobody except Alberta gives a shit about their fucking tar shit oil that's not even oil.

Ontario and Quebec is 60% of Canada's economy and we're thriving.


Foreigners always over estimate how important oil is to our economy

>What the fuck...

Come on, wasn't the "Vision and Platinum health care" shit enough to make you realize how retarded he is? And it's funny because that's probably the least stupidest shit he wrote so far

>They're basically gypsies

They ARE gypsies. If it acts like a gypsy, then it is one!

I hope you're wrong because despite the OK GDP and supposedly high employment rate, a lot of Canadians are really struggling. Especially in the regions. And the SJW brainwashing is working very, very well. The people who are well-off are fine with worrying about bathroom issues and importing more migrant workers to keep the poor poor. Self-righteous class warfare right there. And the poor think that Trudeau is going to help them because he says the right things. If you have a job that pays enough Canada is absolutely great but for a lot of people this isn't happening. The job market is absolute shit and rent is crazy high.

What Canada provides to the US mostly isn't very recognizeable as foreign. Our industry is integrated with yours. People start a business in Canada because they were born in Canada, and they try to sell to Americans more than to Canadians because it's a bigger market. There's a lot of business-to-business trade. If we're going to sell directly with consumers, we start a US corporation, and probably move to the US to run it.

In general, our best and most ambitious people move to the US. There's just more opportunity on that side of the border, by virtue of it being a larger country. More customers, more investors, and being on our own side of the border isn't much protection from competition with Americans.

A weak Canada is bad for the USA

At least he legalized weed for canada

Just pay attention man, i have honestly been wondering if he's intentionally trying to tank us since he took office... The answer is yes.

Still cant figure if its incompetence or if theres some endgame i cant see.

please do faggot.

rising rates in the US will push up the value of their dollar, while a scared shitless Poloz is hesitant to raise rates further because we're the most indebted consumer on the planet.

Im glad the oil industry in Alberta is dying off

you're talking about harper right

Pointless virtue signalling

Nope

>pay attention
I am paying attention. Things are brety gud. If you listen to retard hungarians like OP you are just gonna be sad all the time.

this is just fucking insane, millions of people are having their lives economically impacted so Trudeau can play feminist hero

Oh yeah, our economy is so tanking that we have a much higher GDP growth than the average one among developed countries...

globalnews.ca/news/3709629/business-report-canadian-gdp-growth-strongest-in-fifteen-years/

>Statistics Canada reported on Thursday that the Canadian economy surged past second-quarter expectations with growth at an annual rate of 4.5 per cent, its best start since 2002.

We're doing fine. The debt shit is becoming a real problem and no more laundered money in BC will slow the economy down a bit but it's all good anyway. Pretty amazing that even when our economy is "supposedly crashing", we're still doing much better than the people saying it is crashing.

Mark my words. We'll be back to par within 2 years. Last time Bush and a GOP Congress pushed their disastrous policies, we went from 63 cents to par in 6 years

decent post. You are making me "Hungary" for more....

got any links? I want to believe NAFTA is kill

The oil price

I thought I heard that the US is now opening the Eastern continental shelf to exploration for the first time in decades.

We Saudi Arabia now

Indeed, we should just agree to anything the US offers

...said the burger

Because they cut rates most than us after 08/09. Notice how the CDN took a nose dive after the oil shock in 2016? We cut rates to the lowest levels ever.

Nothing moves FX like central bank decisions.

While the American deleveraged after the GFC, we continued to pile on debt at low rates.

Our recession is on the horizon and it's going to worse than the American one.

Actually Canada prioritizes "Syrian" refugee families based on family size... first is # of females under 40 (aka breeders), religion (muslim) and overall size, in that order.

also ontario in particular allows mohammeds with 4 wives by bringing the additional wives in aunts. especially when there are a lot of kids. this is SOP.

t. relative of Ontario Social Service worker

I just love it when the retarded Americans that are putting tariffs on our products are the ones telling us how to run our economy....

It's like their tariffs failed and now they want to hurt our economy by giving us stupid advice. Won't work!

Americans have much more to worry about anyway with their 56% shithole soon becoming a war zone with niggers and spics chimping everywhere.

It means you better start heading to the southern border, the leaf economy is fucked.

Change takes time, little leaf.

>GDP growth
You know what GDP means though, right? It's a measure of the amount of money everyone is spending, added up.

So if a clown government starts spending like mad, GDP goes up... for a while, until they run out of money and have to spend less and tax more, or inflate the currency. If you add people, even the worst, shittiest people you can find, GDP goes up... for a while, until they drag the standard of living down.

It's broken window economics: if you break a window, the GDP goes up, because someone has to immediately spend money fix it, but there's no actual gain for society, in fact you've caused a net loss of the value of one window. If you keep breaking windows to drive the GDP up, eventually people stop fixing them.

>not knowing """syrian refugee""" is just codeword for arab economic migrant
each muslim man can have up to 4 wives (culturally/religiously) and they usually have 5 children each. combine this with "love islam" (prepping non-muzzie women to convert) and you've got a pretty big problem in the long-term.

we're watching you going over the falls

>Because they cut rates most than us after 08/09.

Holy shit you're fucking retarded.

I'm talking about from 2001 to 2007 after the Bush tax cuts

It should also be noted that most canuck crude is "sour" meaning it contains more contaminants (mostly sulfur).

t. Petroleum Engineer

t. Petroleum Engineer

Why does Trump obsess over GDP growth then?

>Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time

You could have literally spent 2 seconds googling it.

>t. relative of Ontario Social Service worker

LOL, thanks for confirming my guess in Poor Hungaryfag (eat if you're so hungry) tried to immigrate to Canada out of his Eastern Euro shithole, failed, and now spends all his time shit-posting about how Canada sucks even though he would kill his family for a chance to come here.

I'm sorry about that, I know that you probably thought immigrating here was easy, but our vetting and immigration system is actually extremely strict, much more than the American one, and we're good at screening immigrants. Too bad your worthless ass got refused.

A well-meaning idiot is a dangerous thing.

Don't argue with an idiot, you won't win. Sadly 90% of the leafs around me are retarded. Fuck this place

YEAH IT HAD NOTHING TO DO WITH THE PRICE OF OIL BEING THE HIGHEST ITS EVER BEEN. YOU DUMB DENSE CUNT.

Based toothpaste flag user with the info. Thank you

>a monetary measure of the market value of all final goods and services produced
>market value
In other words, how much money everyone is spending. The people calculating GDP don't care whether you're building a million dollars worth of cars, or paying someone a million dollars for a backrub.

Every government employee is "producing a final service" with a "market value" equal to their salary, regardless of if their job is to dig holes and fill them in again, or to spend more government money building homes for ISIS fighters.

It is really just how much money that's being spent.

You don't know what the USD index is lol

When USD goes down, oil prices go up because they're priced in USD. How do u retards not fucking know this

I hate this country so much

I've seen some of the copy-paste from the hungaryfag dozens of times now since last year, just how long is change going to take?

This NAFTA shit is new, but I'd love to see Trump try to fuck over one of the few countries the US has a trade surplus with, Canada.

ustr.gov/countries-regions/americas/canada

>The U.S. goods and services trade surplus with Canada was $12.5 billion in 2016.


> It's a measure of the amount of money everyone is spending, added up.

No it's not.

>So if a clown government starts spending like mad, GDP goes up...

Wrong. GDP is the worth of the goods produced in a set amount of time. Increased GDP means more economic activity, which means a growing and stronger economy.

You've got many things wrong, some of which you could've Googled like the other leaf user said. With that said, one of the arguments you can hold here is that GDP growth doesn't necessarily mean a better life and wages for most Canadians, which is true, but most often this is not the case.

Right back at you

this
it's the same thing everywhere in europe
you pump billions of € of loaned money into random retarded shit like refugees and say "muhhhhh GDP grew by 2% ---- SEE WE'RE DOING JUST FINE SHUT UP"

I am writing to advise you of a situation in your court that has come to the attention of the Administrative Office. A court computer that has a xxxxxxxxxxxxx court IP address was used to access a significant amount of inappropriate material from several Internet sites. The material, some of which appears to consist of sexually-related movies, was first accessed on Friday, February 9, between 12:12 p.m. and 1:35 p.m. Additional movie files were accessed from this same computer the following Friday, February 16, from 10:53 a.m. until 12:44 p.m. A record of the material accessed is enclosed.

This activity was captured by the judiciary's security intrusion detection system. The DCN user at your court appeared on the security sensors because of his or her activity in accessing movie (MPG) files. Due to the large capacity of data included in MPG files, accessing such files can have a significant impact on the judiciary's network. In addition. security alerts emphasize that sexually-oriented websites are very likely to contain computer viruses, trojan horses, and other harmful products.
cryptome.org/aousc-porn.htm

You picked a battle you're not only going to lose, but will kill yourself of shame

Apologize and I will abscond and save your dignity.

>Choose wisely

We are referring this matter to you for whatever action you deem appropriate. Although the Administrative Office was able to verify that this inappropriate activity occurred from a computer with an IP address assigned to the xxxxxxxxxxxx we were unable to identify the specific individual involved. That information is only available at your court. Your system manager can identify the specific computer used to access the Internet sites.

Under Judicial Conference policy, the Administrative Office provides staff assistance to the courts in resolving allegations against judicial employees when requested to do so by chief judges. Please let me know if we can provide any assistance to you regarding this matter. I may be reached at (202) 273-3015.

Should you choose to resolve this internally, we would appreciate being notified of the final disposition of the matter.

Sincerely,

[Signature]

Clarence A. Lee
Associate Director

Enclosure
cryptome.org/aousc-porn.htm

Its weird they frame the issue as distinctly feminist, Canada has a human rights agenda and could gain political influence by leveraging human rights concerns in NAFTA. Going with just feminism may be a start to that but seeing its Trudeau I am willing to bet they havent even got that far and that all this is virtue signalling

We deserve this. Maybe this will shock us into unfucking this mess.

He needs to be raked first.
Leafposting is bad enough, doing it irl is the absolute worst

>>It's a measure of the amount of money everyone is spending, added up.
>Wrong. GDP is the worth of the goods produced in a set amount of time.
I explained this already: It's MARKET VALUE (i.e. whatever was paid for it), not "worth", and it's goods *and services* (i.e. including useless paper shuffling). In other words, it's just a measure of money spent.

It isn't this much is it?!?? Fug

Nice argument, you totally showed me there.

You're free to leave. I say this adamantly because most of you poorfucks go to the US only to suffer much more, then come back home having learned a good lesson.

But if you're an educated specialist (which I sincerely doubt you are), then please stay lol. If you don't, at least do not come back like pic related.

>Look at us! We're important!
>Muh trade surplus
Literally nobody cares. We could easily work out a deal with several other countries just begging to improve trade relations with us right now. It's why you're not a country we'd protect from nuclear war with the Norks. Because in the scope of things, you guys really don't matter to us.

>sends Christina, SJW journalist

LOL, these politically correct fuckwits think their good intentions backed by creativity will get the job done. They are going up against people who are old, experienced, knowledgeable, and wise, and they don't have a clue they are not fit to compete.

>Wrong. GDP is the worth of the goods produced in a set amount of time. Increased GDP means more economic activity, which means a growing and stronger economy.
but that is the exact thing he said you mongrel
gov pumps money they don't have into producing things they don't need to make an illusion of growth.
you take a loan of a billion, pump that money into producing literally anything, useless or not (in this case services and buildings for immigrants) get some of that money back as tax and boom, you've increased GDP because your production has increased. doesn't matter if what you produce has any worth at all.
now you're down close to a billion dollars with a cancer tumor growing within your nation that sucks even more money out.

It seems shallow but the basic concern comes from a similar agreement made with chile. Its a non binding commitment to support women entrepreneurs and prevent countries support of "laws that prevent women from starting businesses". I'm a little lost when it comes to translating this to NAFTA because I am unaware of any laws in the US that prevent women from starting businesses:

canada.com/news/national/liberals want feminist nafta unlikely accept 98why would this/14806802/story.html

>Canada's GDP expanded by 4.6%

Real Estate GDP Now Represents Half Of Canada's Economic Growth

Real estate is like a crutch now, propping up Canada's economy as oil has taken a tumble. Canada's GDP fell by 0.6 per cent last month, but the real estate sector has kept growing. It has grown so much that it represents approximately half of the country's economic growth, Brian DePratto, an economist with TD Bank, told BNN following the release of a Statistics Canada report last week.

"If you go back and look at all those monthly GDP reports, even though real estate is the third biggest — it's only about 12.5 per cent of the economy — it was responsible for about half of the growth on average over that time, so really an outsized contribution from that sector on that longer-term basis," DePratto said.

Canada's economy fell by 0.6 per cent in May, representing the "largest monthly decline since May 2009," according to StatsCan.
The fall was attributed to falling oil extraction in the oilsands, which was due to a wildfire that took production offline in Fort McMurray.

The sector represented approximately 13.2 per cent of Canada's economy in May, up from 12.6 per cent from two years ago.

But real estate wasn't the only sector that grew in May. Finance and insurance grew by 0.6 per cent, representing a third straight monthly gain.
Much of this was due to increased claims from the Fort McMurray wildfire, but financial investment and banking services also grew in the same period.

when is that from? 2015? link the article

This documented anywhere one review it? That’s unsustainable and, honestly, civil-war inducing. Thanks.

How much is your hydro bill leaf

When does discission of the northern wall begin?

Quebec has the cheapest hydro rates in North America

im not kidding google it