Report about the Canadian dollar

Notice the following about Canadian dollar:

Canada Dollar Poised for Worst January in 42 Years Amid Turmoil

Bloomberg – Jan 31, 2014

Canada’s dollar headed for its worst start to a year since at least 1972 on bets the central bank may favor cutting interest rates and as a selloff in emerging-market currencies sent investors to the haven of the U.S. dollar.

The currency weakened past C$1.12 to the greenback for the first time since July 2009 as data showing a fifth month of economic growth failed to stem speculation the Bank of Canada will ease monetary policy. The loonie, as the currency is called, has lost 2.1 percent since the central bank reduced its inflation forecast last week and cited the currency’s strength as a headwind to non-commodity exports. http://www.bloomberg.com/news/2014-01-31/canada-dollar-falls-to-c-1-12-first-time-since-2009-on-rate-bets.html

While I do not consider that the USA dollar will remain the ‘safe haven’ in the future, since it still is the world’s reserve currency, it does benefit from a variety of international crises and concerns.

As far as Canada goes, it still has natural resources and manufacturing capabilities. However, although it is working on diversification, its economy is still, in large measure, tied to the USA.

Prophetically, as an Anglo-Saxon nation descended from one of the children of Israel, named Joseph, Canada will also face pretty much the same fate as the USA according to biblical prophecy (which is not good).

Until that time, I expect that Canada will have its own ups and downs. Apparently, overall, its dollar did not have a good month. But that does not compare to what will happen in the future.

Some items of possibly related biblical interest may include:

Canada in Prophecy: What do Bible prophecy, Catholic prophecy, and other predictions suggest about the future of Canada? Many are not positive about its future.
Protestant and Church of God views of the United States in Bible Prophecy Is the USA mentioned in Bible prophecy? Some Protestants say yes, while others say no. What does the Bible really teach? Learn the truth about this. There is also a video available: Is The United States Mentioned In Bible Prophecy?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.