Financial Markets Take a Tumble after Brexit Vote

[Anonymous]

I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.

What's wrong with keeping it in the Americas Herm? Brown skin?

A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.

[cc]

While I would have put things more smoothly,  in this particular case " Use your little pea-sized brain Gomer" works for me



Why we would be in any free trade with a turd world entity boggles the mind and does no good for our workers. It works only for big companies who move their production there ... and works against  regular folk



As for the expected next crap line "means lower prices", I'd rather pay more / pay my way and keep our workers making money



Nice crude try with the hokey racist ploy though   You are making Shen look gentle by comparison and we can't have that

[Anonymous]

Mexico in NAFTA is a present to big business. Too many auto suppliers, assembly and parts plants have left Southern Ontario for Mexico taking away Canadians jobs.

[RW]

That's the showing of the reaction but they are generally short term.  My understanding is investors then see these dives as an opportunity to make a quick buck and throw money back into the markets and they bounce back rather quickly.  I'm just wondering what "real life" effects these blips have.

This will not be good for Canada's growth prospects.



http://www.msn.com/en-ca/money/topstories/brexit-could-hit-canada-hard-td-bank-warns/ar-AAhA72B?li=AAggNb9&ocid=mailsignout">http://www.msn.com/en-ca/money/topstori ... ailsignout">http://www.msn.com/en-ca/money/topstories/brexit-could-hit-canada-hard-td-bank-warns/ar-AAhA72B?li=AAggNb9&ocid=mailsignout

Canada risks losing a significant part of its economic growth this year as a result of the Brexit vote, TD Bank warned Friday. Investors are engaging in a "flight to safety" -- abandoning riskier investments in favour of safe harbours like the U.S. dollar.



For Canada, the result could be a considerably weaker economy for the rest of this year than previously estimated, TD Bank said in a client note Friday morning.



"We estimate that confidence and financial spillovers from a leave result could shave about 0.5 to 1.0 percentage point off GDP growth for the U.S. and Canada in the second half of 2016," economists Beata Caranci and Fotios Raptis wrote.



Given that current forecasts see about 1.2 per cent to 1.5 per cent growth for Canada this year, Brexit could end cutting economic growth by as much as half.



Related: Track global market moves using MSN Money's Markets page



It's not because Canada is heavily dependent on trade with Britain; only about 3 per cent of Canadian trade is with the island nation. But uncertainty in the markets will cause business investment to drop, including in Canada, TD Bank said.



Canada's situation could be even worse if the Brexit vote leads to a prolonged commodity price slump, TD warned.



But that could be good news for Canada's indebted mortgage holders, who may have been given a respite from rising interest rates thanks to Brexit.



"A more prolonged slump would likely delay any plans by the Bank of Canada to increase its interest rate target," TD said, noting the same is true of U.S. interest rates.



"The Canadian regions most likely to feel the brunt of reduced U.K. demand are Newfoundland & Labrador, which ships about 8 per cent of its total annual goods exports to the U.K., and Ontario, which sends about 6 per cent of its annual goods exports to the U.K.," TD Bank wrote.

I thought it might mean the UK itself would depend on its colonized partners more rather than less.

[Anonymous]

Growth could contract up to six per cent in the UK in the short term according to that article. That does not bode well for exporters to the UK.

[cc]

Any predictions are purely speculative, often emotionally driven. It will all take on its own life and and reality



What today's speculation is avoiding (because no one wants to go there) is that UK is stepping off an already slowly sinking ship = getting the best possible result for the UK in the long haul



So let's stop speculating, watch it all take place and accept it for what it is ... the best they were ever going to get



However they fare it will be a hell of a lot better than those still in the EU today ... and use of the word "today" was meant to have conotations

[Anonymous]

Any predictions are purely speculative, often emotionally driven. It will all take on its own life and and reality



What today's speculation is avoiding (because no one wants to go there) is that UK is stepping off an already slowly sinking ship = getting the best possible result for the UK in the long haul



So let's stop speculating, watch it all take place and accept it for what it is ... the best they were ever going to get



However they fare it will be a hell of a lot better than those still in the EU today ... and use of the word "today" was meant to have conotations

Ceec, I would have voted for Brexit. But, there will likely be some consequences for commodities and the Canadian economy at least in the short term.

[cc]

Yes, there will be. All I'm saying is that the EU is a sinking ship. Whatever the price of leaving now, it is a hell of a lot cheaper thaan than going down with the ship later on



As for me. I'm proud of my heritage for the first time in decades .. although that is somewhat offset by the many twatwhaffles who still cling to the twatwhaffle ship emotionally.

[Anonymous]

Yes, there will be. All I'm saying is that the EU is a sinking ship. Whatever the price of leaving now, it is a hell of a lot cheaper thaan than going down with the ship later on



As for me. I'm proud of my heritage for the first time in decades .. although that is somewhat offset by the many twatwhaffles who still cling to the ship emotionally.

I hope the separation can be quick and the pain over with as soon as possible.

[Anonymous]

Any predictions are purely speculative, often emotionally driven. It will all take on its own life and and reality



What today's speculation is avoiding (because no one wants to go there) is that UK is stepping off an already slowly sinking ship = getting the best possible result for the UK in the long haul



So let's stop speculating, watch it all take place and accept it for what it is ... the best they were ever going to get



However they fare it will be a hell of a lot better than those still in the EU today ... and use of the word "today" was meant to have conotations

Ceec, I would have voted for Brexit. But, there will likely be some consequences for commodities and the Canadian economy at least in the short term.

I hope it's very short term Herman.

[cc]

Here's a shamelessly pilfered pic of exactly how I see it all



https://i.sli.mg/XEcAWk.jpg">

[Anonymous]

Here's a shamelessly pilfered pic of exactly how I see it all



https://i.sli.mg/XEcAWk.jpg">

lol cc la femme.

[Twenty Dollars]

I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.

What's wrong with keeping it in the Americas Herm? Brown skin?

A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.

I'd take Latins any day over Middle Easterns. It amazes me coming from a Chinese person cheapest race of people on the planet. Rice brain.

[Twenty Dollars]

I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.

Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.

[Twenty Dollars]

Yes, there will be. All I'm saying is that the EU is a sinking ship. Whatever the price of leaving now, it is a hell of a lot cheaper thaan than going down with the ship later on



As for me. I'm proud of my heritage for the first time in decades .. although that is somewhat offset by the many twatwhaffles who still cling to the twatwhaffle ship emotionally.

What exactly is your heritage? I've heard a few stories, but won't assume anything.