Quote:
Originally Posted by curves2000
If we do a deep dive into the Canadian economy and be really honest with ourselves, we can see where the issues really are. The reason why I say Canada and Canadian's aren't really that smart of a nation is that a lot of people don't do a deep analysis of our economy.
Generally speaking we have natural resource extraction amongst all sources. Oil, gas, coal, mining, forestry and others. We have some stable finance, insurance and banking sectors that are very protected industries and we can throw in some telecommunication that are also protected. That's kind of about it on a grand scale.
Add in trade with the USA and the amount of people and business being done by Canadians for American companies who have offices and operations here and the truth is we don't much else of any meaningful significance on the global stage.
We literally have millions and millions of Canadian's who are employed in above with giant sized ego's thinking they are the top cats.
Don't believe me? Go look at the listing on the TSX 60 and see how many of these companies are powerhouses internationally, sure a few may be strong players.
Go look at other G7 nations top 60 or 100 companies and see how many of them are global recognizable powerhouses and the list will shock you.
There is going to be an economic war that will come out of Covid, every single country who has been drastically affected will need the jobs, the taxes and the technical knowhow to excel.
|
It's a bitter pill to swallow, but Canada just isn't that exceptional... our primary experience used to be in resource extraction (and still is) but it's being beaten out of us by progressive politics....