Should you really be banking with CIBC?

CBC reports that CIBC is calling for the Bank of Canada to purchase American dollars to prop up the U.S currency ... From the article:

`In a report released Tuesday, Avery Shenfeld of CIBC World Markets said the central bank should intervene to keep the exchange rate stable and to protect Canadian manufacturers.

"Canada could consider what might be called a bounded float," Shenfeld said.

He recommended the central bank buy U.S. dollars during times when speculation is causing a sharp rise in the loonie's value.

"By intervening only at extremes, the central bank could help chase away speculative flows that take the currency, in its considered judgment, beyond fundamentally driven levels."

Shenfeld told the CBC's The Lang and O'Leary Exchange, that essentially, the central bank should step into the market to sell Canadian dollars in exchange for U.S. dollars to try to weaken the loonie by a few cents'

I'm sorry, is this the same CIBC out in front of the other Canadian banks, that was hit with a U.S subprime mortgage write-off of THREE BILLION DOLLARS? What the hell?

If you think theres value in the American dollar, great, but to buy the currency of another nation to devalue your own.. what the hell sort of economic premise is that?

Are we forever doomed to be America's bitch? They can continue to act in unhealthy economic ways, and since we're so tightly connected to that behemoth, whatever happens we'll be dragged down kicking and screaming with them?

The same CIBC that wanted to merge with TD in 2006, luckily the Liberals said hell no to that.

Sometimes the Canadian government should ignore these people. Especially if their track record is not so stellar.

Let our dollars value fluctuate. Honestly, intervening in foreign markets. What the hell, man.

More than 130,000 easily manipulated morons duped by the broadcasting monopoly in Canada

from: http://www.newswire.ca/en/releases/archive/November2009/04/c5671.html

- More than 130,000 comments submitted to the CRTC confirm support for

    local TV -

oh wait, is my headline wrong?

Of course people support local TV.  It'd be nice if those companies provided local TV and
supported local TV as well, instead of spending millions on simsub rights to American
productions.

Local TV to these companies only means the GTA and Vancouver.  You can tell how much they support local TV by
how quickly they've rolled out digital high def locally.

Support for Local TV?  Don't make me laugh.

Gary's doin it.

Module body

So what has former Manitoba Premier Gary Doer been up to lately in his new job as Ambassador to the United States?

From The Canadian Press:

WASHINGTON - Canada has been named one of the most peaceful nations in the world for its support of UN peacekeeping missions, low levels of violent crime and political stability.

The Global Symposium of Peaceful Nations named Canada as the most peaceful country in the North and Central America and Caribbean region and put it eighth place worldwide on its global peace index.

Ambassador Gary Doer accepted the award at the symposium in Washington on Sunday.

Huh.

Has the Global Symposium of lobby groups who like to hand out pretentious awards that make for good feel-good newspaper articles awarded us anything as well?

I bet this award wasn't even based on actual data. It's just something to try to shame other countries into not being complete assholes.

If this is peace, it's overrated.