Now there’s bitcoin, a cryptocurrency with tremendous volatility and zero convenience, both of which could change, but it really isn’t that attractive compared to the U.S. dollar so far.
For the longest time, the only time our dollar would get to par with the U.S. was during periods of rising oil prices, because our labour productivity and economic efficiency are much worse than those of our neighbour. A large part of the reason for the loonie’s woeful performance recently comes down to domestic policies targeting the restriction of North American energy infrastructure, which has essentially put a cap on growth of both U.S. shale and Canadian oilsands.Article content
Household mortgage debt increased by a whopping $182.4 billion last year, boosting residential mortgages to $1.93 trillion in December, according to Statistics Canada. As a result, the average Canadian now owes $1.77 for every dollar they make,