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Farmall & IHC Tractors Discussion Board

Re: Gas price in canada????


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Posted by Hugh MacKay on November 05, 2007 at 02:54:43 from (216.208.58.142):

In Reply to: Gas price in canada???? posted by jonnny2006 on November 04, 2007 at 20:11:36:

jonnny: Hush, my crop of switchgrass isn't well enough established yet.

Actually through Sept we saw gas prices drop from right around $1, CAD per liter to as low as $.89. Now it's back to $.98. Crude here is priced in USD, thus we've been kind of holding our own. I did tell my supplier the other day, that I didn't think oil was climbing as fast as the USD was dropping. He kind of agreed, however was quick to point out control was above him in the pecking order.

Canadian retailers generally are ripping us, then we have to remember they have inventory that cost a lot more than it would today. I haven't joined the crowd heading for US shopping malls. Nothing I need right quick, plus I really can't see buying an extra $50, gas plus 4 hour border waits. Waiting at the border, either way, one should be paid lawyers fees. We had a clip on the news the other night, reporter said well over half the cars at a Port Huron shopping mall had Ontario plates. He had camera shot of one row, could see one blue plate in the sea of white plates.

We did have one significant purchase, new washer and dryer when we moved. We bought them $250. less than we would have one month earlier. My real concern right now, my Canada Pension is supposed to be indexed to inflation, come year end I'll bet Revenus Canada will have determined we've seen deflation thus the pension should drop. All be it they missed at few of the up figures in the past 40 years. I know what my dad was getting in 1975. If one compounds the consumer price index since 75, maximum CPP should be close to $2,000. per month, yet it remains at $847. My dad said the day back in 1960s, Lester Pearson stood up in parliment and declared these new pensions would be indexed to inflation forever, "It will be great for me, you young lads are going to get taken badly." Actually that wasn't his exact words, (SCREW)


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