Oil Collapse Crashing Canada Housing Market

Oil COLLAPSE to 2009 LOW! Canada Housing, Dollar, and Exports Starting to CRASH!






Bloomberg breaking news: WTI Crude Oil Falls Below $45 a Barrel for the First Time Since April 2009. Hit a low of $44.19 the last time I checked. I'm seeing the bottom coming around the end of next weeks trade at $35-$38.Even if Oil producers cut production; which they most likely will; it will not affect this decline. A production cut will not affect this because these falling prices are not only from oversupply, but also from an under-demand. This under-demand is from a lack of international trade; as shown by the .B.D.I. (Baltic Dry Index); also it has to do with declining manufacturing in a majority of the world. We did see a slight turn around in the B.D.I. with a gain of 14 points, but I believe that gain is only temporary.

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