Quote:
Originally Posted by curves2000
You mean mainstream media? You mean your government officials? Bank of Canada Governor? What do you think your new PM keeps saying? The previous government was not as focused on economic issues as it needed to be. They dropped the ball and he is the main man to deal with a crisis of huge proportions. He's actually 100% correct on that which is why he won by a landslide recently.
Canada has been struggling for a long time. We aren't a smart business nation. We do natural resource extraction, some stable banking/insurance and we trade 80% of our exports with closest neighbor 80% of the time. Have a look at our top companies on our main equity index and tell me how many of those names are large, top players that really compete globally against their peers in international markets? Very few. Now go look other G8 nations and see how many names you recognize. A lot more.
What makes you think Canada can't be swallowed up economically? That is literally the policy the current government in Canada is afraid may happen.
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None of those people are pointing to Canada being broken. That's just more narrative you have heard or crafted. All countries have economic challenges, self made and external. We haven't been struggling for a long time. And I'm not sure company name recognition on a stock index tells anyone anything about anything. Is that an official metric I can lookup and bet on Polymarket?
What do you mean by "swallowed up economically"? Is that a traditional fear, or something new because an insane orange goblin took over the worlds largest economy and is swinging it around erratically like a rotten fruit bat? That's not something anyone in Canada ever expected to prepare for.
The reality is the US is our biggest trading partner because that's the reality of capitalism. Proximity to market. I couldn't imagine the outrage if we had a willing US, and we chose to only trade with distant countries which meant limited quantities, higher costs and lower profits while the worlds biggest market sat un-served, because we wanted to be diverse. You can force this stuff if you really believe it, but that chases companies away and our GDP and productivity would dive. Yes, we may have to do that now, but it's utter silliness to pretend that these are things we should have forced into existence in the before times.
Here's a good summary of where we are at, and it sure doesn't look like the Canada has been broken for years description you are peddling. :
https://www.international.gc.ca/trad....aspx?lang=eng