Canadian Dollar & Oil - Why are Canadians being greased?

To Canadian Parliamentarians:

Can someone in our Parliament explain why one of the strongest economies in the world has its dollar valued at 72.5 cents vis-à-vis the American dollar? Canadian GDP has remained flat over the past year, with no remarkable increase or decrease, yet our Bank of Canada Governor is trying to justify a sliding Canadian dollar (i.e. from about 89 cents to 72.5 cents). A 22.7% decline.

Tragically, while Canadian consumer debt continues to rise (at almost 170% of real disposable income) foreigners buy Canadian real estate at rock-bottom prices.

The USA has a $19 trillion officially advertised national debt, 94,500,000 Americans who are not in the labour force, 15,500,000 million unemployed and unfunded liabilities of over $100 Trillion. We won’t mention the almost $500 Trillion in derivatives.

The media has done an exceptional job of mystifying the public with nonsensical statistics. I only ask, when will the truth be made apparent? You may know, or not, that the Baltic Dry Index is at its lowest point (i.e. 484 points) since January 1985. That does not bode well for global manufacturing and trade.

So again I ask, with a stable economy, why has the Canadian dollar plummeted? Many of you will say it’s about the barrel price of oil. But the reality is that oil makes up less than 8.5% of Canada’s total GDP and that overall sector has stayed rather stagnant over the past year.

The fall of the Canadian dollar means only one thing, someone has put Canada up for sale. Foreign banks, corporations and investors are stealing Canadian assets. When will whomever is responsible for this sedition be placed in jail? Please don’t suggest that exports have prospered by a lower Canadian dollar, when they have not. Currency devaluation as a global economic policy has failed for most if not all nations.

I provide you the same statistics that are provided to us by Statistics Canada. Again, why do we have a 72 cent dollar, and more importantly, why is the cost of gasoline over a $1.00?

Thank you,
Joseph Pede

	Gross domestic product at basic prices, by industry (monthly)
	STATSCAN	Sep-14	Aug-15	Sep-15	Aug-15 to Sep-15	Sep-14 to Sep 15
		seasonally adjusted at annual rates
		millions of chained dollars (2007)			%
	All industries	1,642,155	1,650,625	1,642,749	-0.5	0
	Goods-producing industries	501,123	493,032	485,718	-1.5	-3.1
	Agriculture, forestry, fishing and hunting	24,239	25,065	25,151	0.3	3.8
	Mining, quarrying, and oil and gas extraction	139,055	134,474	127,595	-5.1	-8.2
	Utilities	38,203	37,646	37,776	0.3	-1.1
	Construction	124,280	120,602	120,553	0	-3
	Manufacturing	175,360	174,945	173,850	-0.6	-0.9
	Service-producing industries	1,142,223	1,158,643	1,157,993	-0.1	1.4
	Wholesale trade	96,753	94,464	94,209	-0.3	-2.6
	Retail trade	87,392	89,187	89,448	0.3	2.4
	Transportation and warehousing	69,428	71,251	71,007	-0.3	2.3
	Information and cultural industries	50,611	50,161	50,218	0.1	-0.8
	Finance and insurance	111,678	115,469	115,123	-0.3	3.1
	Real estate and rental and leasing	207,561	213,824	214,055	0.1	3.1
	Professional, scientific and technical services	87,746	88,444	88,321	-0.1	0.7
	Management of companies and enterprises	11,822	12,134	12,205	0.6	3.2
	Administrative and support, waste management and remediation services	42,767	42,609	42,526	-0.2	-0.6
	Educational services	83,521	85,359	85,220	-0.2	2
	Health care and social assistance	109,764	111,319	111,577	0.2	1.7
	Arts, entertainment and recreation	11,531	12,541	12,291	-2	6.6
	Accommodation and food services	34,295	34,002	33,856	-0.4	-1.3
	Other services (except public administration)	32,800	32,784	32,774	0	-0.1
	Public administration	105,882	106,563	106,627	0.1	0.7
	Note: North American Industry Classification System (NAICS), 2007.
	Sources: Statistics Canada, CANSIM, table 379-0031.
	Last modified: 2015-12-01.