tag:blogger.com,1999:blog-11482708.post-1162520857331027682006-11-02T18:26:00.000-08:002006-11-02T18:27:37.343-08:00Hello Peter.<br />I am sending this email to give you and others a better perspective as to the current situation regarding the manufacturing sector in Southern Ontario.<br /><br />I am a factory employee living in a city whose economy heavily relies on the manufacturing sector, as thousands of people are employed in the industry. The situation is not good - after seven years working at a relatively robust company, people seem to be disappearing on a weekly basis, being handed indefinite layoff notices; the next group to go includes me. The high Canadian dollar has handcuffed companies into quoting higher prices when bidding on new work, and the larger companies are simply going elsewhere to have their parts produced at lower costs. It has become so bad here that some companies have closed up shop, and others are on the verge of closing - just barely surviving. The recent buzz around the shop is that employees with twenty-eight years seniority, at one of the city's larger and more well known companies, are being handed layoff notices. About two weeks ago, the management team had a meeting with all of us, stating it has become so cut-throat that they've had to resort to stealing work from other companies, but even that has been met with very little success.<br /><br />I remember you stating in an AM Review that the manufacturing sector in Ontario is bleeding - a very accurate statement. I hope this little bit of information helps when assessing the USD/CAD pair - just some first hand knowledge from someone who is living the situation everyday, along with many others.<br /><br />On a more positive note, I think the Forexmentor Web site is by far the best site on the Internet - the products and services you provide are second to none. I purchased Chris Lori's Pro Traders Advanced course, and have conducted a coaching session with Vic Noble. These, along with your course and daily AM Reviews, are valuable assets, and are crucial to the success of novice traders like myself.<br /><br />In closing, I just like to thank you and the Forexmentor Team for everything that you do, and I hope God keeps you all well.<br /><br />Sincerely,<br /><br />Edward Davey<br />Windsor, Ontario<br />Automotive Capital of CanadaForexMentorhttp://www.blogger.com/profile/07336966975857203728noreply@blogger.com