Economy/Recession

[doorfx]

Wow you guys are old. I remember gas at .49 cents a gallon. Used to push my Honda 50 across the high way to fill it up. .49 cents and it left me a penny to get a gum ball lol

 

[101110101101]

Farm diesel hit 5 c a litre at one time ...same thing . People were filling storage tanks everywhere....
In a side note a financial adviser friend of mine is buying oil stocks like crazy..... And he is a very bright guy...!

Like the last crash I bought Suncor stocks and made great returns. Buying when everything is in the ****ter is a pretty good bet. It's hard to go much lower. If you have the spare cash to do without for a couple of years... it makes sense to me.

 

[everest8]

Well, hauled a wack of oil from west yesterday as well as auto and lumber. 6000 feet of it. Also had 5 cars,empty going to a local lumber mill. More empty cars for steel mill in Sault Ste Marie, read pipes here. Good for west. Steel is moving both directions. Good for USA as cheap. So, let's hope. I can see there is I dare, hope. I understand the situation your in. Oh, sorry if someone just got in and wonderd why this thread went awry. I am a locomotive Engineer for CN Rail in Northen Ont and we ship coast to coast and I see the traffic volumes, sorry. Just a heads up, Don.

 

[everest8]

OK, big train pulling into town right now and full of oil, grain and lumber. gotta be good eh ?

 

[machinehead]

OK, big train pulling into town right now and full of oil, grain and lumber. gotta be good eh ?

Nope. Last one of the year................

 

[everest8]

Another grain train moving east. Lake Superior is still not froze over however Thunder port bay may be. 2-3 extra trains moving so something is happening.

 

[4byrookie]

Good thing the East is doing something as there is not much happening in the west. Our shop Layed-off 17 on Wednesday and shut down night shift. All our branches throughout Edmonton and Nisku consolidated into Flint's large yard in Nisku(now Shawcor) and will be running the other yards by sending people to them if they have work to be done. Our shop in Edmonton is the only one not closing as our machine shop is still busy and Precision drilling isn't willing to move all our inventory and procedures. Other than Precision we are not to accept any pipe or tubulars now which will slow us down significantly as well.

 

[everest8]

Sorry. Not much pipe moving out of the Sault Ste Marie,ont mill going west. Bunch of car loads of engineered floor trusses though. Containeer traffic slightly. Oil tanks so so also. Our engines a breakeing down due to zero maintaince and freezing weather so we are running extra crews, slight up tick here as more guys will be called back. Cn Rail has been calling employees if they would like to make a trip, however that just messes with thier pogey so they say no. Why work to help them out and hurt yourself at 30 below.

 

[smokinD]

Would like to mention to all Members that if you are able to please come and Stand Up For Alberta on March 8/16 at the Leg as we would like to have as many people as possible.
Time is at Noon but they are asking people if possible to show up around 11. Petitions will be presented as well by George Clark to the LG, lets try and put a halt to this Socialist Regime BS.

 

[everest8]

Busy day on the railway wensday. 8000 feet, 22000 tons, yes 22 thou tons of Potash, then 18 thou tons of oil trains. So, thinking stuff is happening. Container traffic picking up also. We have more traffic. More steel/wallmart/food products/stoves/etc. moving west. Hope.

 

[smokinD]

Saskatchewan Premier Brad Wall rejects Ottawa

This was a good read.

 

[smokinD]

Brad Wall questions Bombardier bailout, urges Ottawa to help oil sector - Montreal - CBC News

Sorry forgot one good read also.

 

[Snowdin]

Christ sake we have to stop this arse from sending our money to the wrong places somehow.

Stop Helping Hamas - The Rebel

 

[Summitric]

SO HAS THE LIBTARD FEDERAL GOVERNMENT CAUSED VEHICLE MANUFACTURERS TO BYPASS CANADA BECAUSE OF THE POOR INVESTOR CONFIDENCE? I SUSPECT SO :


Investment by auto makers in Canada doubled last year from 2014 levels, but the country failed to win any of the three new assembly plants that were announced for North America, pushing Canada’s losing streak for new plants to a decade.
Auto makers announced investments worth $1.5-billion (U.S.) in their existing Canadian factories in 2015, according to data compiled by the Center for Automotive Research, an industry think tank based in Ann Arbor, Mich.
Mexico won $4.5-billion in investment, down from $7-billion in 2014, but was chosen by Toyota Motor Corp. as the site of a new vehicle assembly plant – the eighth new assembly plant announced for Mexico since 2010.
The lion’s share of new investment went to the United States, which will receive $29.3-billion in new spending, including a new Volvo Cars Corp. plant and a Daimler AG commercial van factory.
The assembly plants that are now under construction – plus expansions under way that will increase vehicle production at several existing factories – will begin turning out vehicles just as the North American market is expected to hit a sales peak in a decade-long recovery from the 2008-09 recession.
The flood of new production capacity that is already coming on stream or is set to hit the market later this decade has raised concerns that auto makers will begin to rein in spending on new factories. If that is the case, auto makers will have bypassed Canada for an entire investment cycle, meaning the country is unlikely to reverse its new-factory losing streak any time soon.
Automotive credit is tightening and is expected to hit sales in the United States predict U.S. analysts.
Mexico and Canada likely will also feel some consequences from a peak in the U.S. auto cycle. Both countries’ auto sectors depend on U.S. demand and are integrated closely with the U.S. industry. A peak would hurt both countries, but especially Canada, where there has been evidence of a loss of competitiveness in recent years.
Ray Tanguay, the former president of Toyota Motor Manufacturing Canada Inc., who is now a special auto adviser to the Ontario and federal governments, said that it’s possible that a new cycle of automotive investment won’t begin until 2020.
Three auto makers announced major investments in their Canadian plants last year.
The largest was Fiat Chrysler Automobiles NV, which said that it has spent $3.7-billion (Canadian) since September, 2014, to design and develop a new minivan and retool the Windsor, Ont., plant where the vehicle is built. The company has not said how much of that money has been invested in Canada.
General Motors Co. said last February that it will join with suppliers to spend $560-million at its Cami Automotive factory in Ingersoll, Ont.
Toyota Motor Canada will invest about $500-million in its Cambridge, Ont., plant to build RAV4 crossovers, which will replace Toyota Corolla production. The Corolla is moving to Toyota’s new Mexican plant.

 

[Bnorth]

SO HAS THE LIBTARD FEDERAL GOVERNMENT CAUSED VEHICLE MANUFACTURERS TO BYPASS CANADA BECAUSE OF THE POOR INVESTOR CONFIDENCE? I SUSPECT SO :


Investment by auto makers in Canada doubled last year from 2014 levels, but the country failed to win any of the three new assembly plants that were announced for North America, pushing Canada’s losing streak for new plants to a decade.
Auto makers announced investments worth $1.5-billion (U.S.) in their existing Canadian factories in 2015, according to data compiled by the Center for Automotive Research, an industry think tank based in Ann Arbor, Mich.
Mexico won $4.5-billion in investment, down from $7-billion in 2014, but was chosen by Toyota Motor Corp. as the site of a new vehicle assembly plant – the eighth new assembly plant announced for Mexico since 2010.
The lion’s share of new investment went to the United States, which will receive $29.3-billion in new spending, including a new Volvo Cars Corp. plant and a Daimler AG commercial van factory.
The assembly plants that are now under construction – plus expansions under way that will increase vehicle production at several existing factories – will begin turning out vehicles just as the North American market is expected to hit a sales peak in a decade-long recovery from the 2008-09 recession.
The flood of new production capacity that is already coming on stream or is set to hit the market later this decade has raised concerns that auto makers will begin to rein in spending on new factories. If that is the case, auto makers will have bypassed Canada for an entire investment cycle, meaning the country is unlikely to reverse its new-factory losing streak any time soon.
Automotive credit is tightening and is expected to hit sales in the United States predict U.S. analysts.
Mexico and Canada likely will also feel some consequences from a peak in the U.S. auto cycle. Both countries’ auto sectors depend on U.S. demand and are integrated closely with the U.S. industry. A peak would hurt both countries, but especially Canada, where there has been evidence of a loss of competitiveness in recent years.
Ray Tanguay, the former president of Toyota Motor Manufacturing Canada Inc., who is now a special auto adviser to the Ontario and federal governments, said that it’s possible that a new cycle of automotive investment won’t begin until 2020.
Three auto makers announced major investments in their Canadian plants last year.
The largest was Fiat Chrysler Automobiles NV, which said that it has spent $3.7-billion (Canadian) since September, 2014, to design and develop a new minivan and retool the Windsor, Ont., plant where the vehicle is built. The company has not said how much of that money has been invested in Canada.
General Motors Co. said last February that it will join with suppliers to spend $560-million at its Cami Automotive factory in Ingersoll, Ont.
Toyota Motor Canada will invest about $500-million in its Cambridge, Ont., plant to build RAV4 crossovers, which will replace Toyota Corolla production. The Corolla is moving to Toyota’s new Mexican plant.

Well according to your article we've been missing out on new plants for 10 years so it would appear there is an issue other than the Liberal government.

 

[Summitric]

well according to your article we've been missing out on new plants for 10 years so it would appear there is an issue other than the liberal government.

ontario...

 

[Stompin Tom]

SO HAS THE LIBTARD FEDERAL GOVERNMENT CAUSED VEHICLE MANUFACTURERS TO BYPASS CANADA BECAUSE OF THE POOR INVESTOR CONFIDENCE? I SUSPECT SO :


Investment by auto makers in Canada doubled last year from 2014 levels, but the country failed to win any of the three new assembly plants that were announced for North America, pushing Canada’s losing streak for new plants to a decade.
Auto makers announced investments worth $1.5-billion (U.S.) in their existing Canadian factories in 2015, according to data compiled by the Center for Automotive Research, an industry think tank based in Ann Arbor, Mich.
Mexico won $4.5-billion in investment, down from $7-billion in 2014, but was chosen by Toyota Motor Corp. as the site of a new vehicle assembly plant – the eighth new assembly plant announced for Mexico since 2010.
The lion’s share of new investment went to the United States, which will receive $29.3-billion in new spending, including a new Volvo Cars Corp. plant and a Daimler AG commercial van factory.
The assembly plants that are now under construction – plus expansions under way that will increase vehicle production at several existing factories – will begin turning out vehicles just as the North American market is expected to hit a sales peak in a decade-long recovery from the 2008-09 recession.
The flood of new production capacity that is already coming on stream or is set to hit the market later this decade has raised concerns that auto makers will begin to rein in spending on new factories. If that is the case, auto makers will have bypassed Canada for an entire investment cycle, meaning the country is unlikely to reverse its new-factory losing streak any time soon.
Automotive credit is tightening and is expected to hit sales in the United States predict U.S. analysts.
Mexico and Canada likely will also feel some consequences from a peak in the U.S. auto cycle. Both countries’ auto sectors depend on U.S. demand and are integrated closely with the U.S. industry. A peak would hurt both countries, but especially Canada, where there has been evidence of a loss of competitiveness in recent years.
Ray Tanguay, the former president of Toyota Motor Manufacturing Canada Inc., who is now a special auto adviser to the Ontario and federal governments, said that it’s possible that a new cycle of automotive investment won’t begin until 2020.
Three auto makers announced major investments in their Canadian plants last year.
The largest was Fiat Chrysler Automobiles NV, which said that it has spent $3.7-billion (Canadian) since September, 2014, to design and develop a new minivan and retool the Windsor, Ont., plant where the vehicle is built. The company has not said how much of that money has been invested in Canada.
General Motors Co. said last February that it will join with suppliers to spend $560-million at its Cami Automotive factory in Ingersoll, Ont.
Toyota Motor Canada will invest about $500-million in its Cambridge, Ont., plant to build RAV4 crossovers, which will replace Toyota Corolla production. The Corolla is moving to Toyota’s new Mexican plant.

Frankly the answer is simple. The cost of labor in Canada is far to high for new manufacturing plants, Mexicans work much cheaper.

 

[pfi572]

Frankly the answer is simple. The cost of labor in Canada is far to high for new manufacturing plants, Mexicans work much cheaper.[/

Climate,housing and just cost of living in the north is more costly.
Hence higher wages.

 

[Stompin Tom]

Frankly the answer is simple. The cost of labor in Canada is far to high for new manufacturing plants, Mexicans work much cheaper.[/

Climate,housing and just cost of living in the north is more costly.
Hence higher wages.

Hence no manufacturing jobs.

 

[tiger666]

You volunteering to work for nothing,have at it.

Hence no manufacturing jobs.