Quote:
Originally Posted by FlamesAddiction
It's this thinking that makes Canada a second rate country on the global stage - ie. wait to see what the U.S. does. We don't always have to be their puppy and once in a while we need to take a proactive approach to our own destiny.
|
When economic sectors are so intertwined between two countries then you have to wait. Remember the Ford, GM, etc are American owned. If Obama comes out in a month and says, increase production in the States and give jobs to Americans, GM and Ford are basically going to shut down those Canadian Plants and move that manufacturing and Employment to the States and theres no economic bailout on our side of the border thats going to change that. We can't drive ahead until our biggest economic partner, not trading partner decides on what to do. There's no point in putting billions into forestry if the American's stop buying wood and start a buy American based Stimulus, so you have to wait. You can't just throw money into it and hope that the cards fall where they're suppossed to.
Quote:
Originally Posted by ikaris
Canada is in an enviable position right now. Our economy and banking system hasn't been hit as hard as some other countries, but make no mistake, we are in a slow burn right now and as slow as a burn as it has been (relative to say Britain and the States), our economy will also probably recover more slowly when the recession is already over for Britain and the U.S. That is why action is needed sooner rather than later. There is no reason to wait for things to get worse, and in fact, it would be much more preferrable to nip it before hand.
|
We have limited dollars so we have limited abilities to misread the global market place and make mistakes on how our stimulus programs are going to shape up. Because we are in better shape economically we are in a better position to take a look at what the American's and other nations are doing that effectively impact our business and respond and create programs accordingly.