Why would you expect to get any kind of pay increase in that scenario? Salaries don't just magically rise because they're denominated in USD. As always, they'd still be based on the supply/demand in a given region.
I really, really, really, really want someone to present to me an actual economic argument in favour of the US working to abolish the CAD, and covert everything to a single currency.
Because they are abolishing a 30% discount on all goods from the country with the most natural resources on the planet.
It's easy to say these can be done and eliminating the tax is one step. We are an energy rich country but are constrained by our confederacy where each province is a fiefdom.
The regulatory requirements in Canada are what hold us back and no party will be able to solve that to push an energy rich country.
What should be happening is pushing for tidewater access to St. Laurence River & Hudsons bay, accelerated approvals for LNG on BC west coast and get more exports of our resources to the world but we can never get alignment as a country from all the independent parties along the way.
A huge energy corridor is what this country needs.
You have my vote.
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I agree with your point that recently ( in the last 90 years) there is a belief that thing always get better. This is tied to a historical methodology that focused on "progress" as a societal objective. You're right to point out technology and science as indicators of this progress as an object of study. No less, when we look through a broader lens, it because clear that this is a flawed methodology. This is why the [Lounge Duree is an important methodology to calibrate these discussions.
For example, the technological progress of the 1960s- 1980s was no doubt a material benefit to euro-Canadians. These material benefits did not disrupt or improve long term historical trends experienced by LGBTQ or Indigenous peoples.
In general are things worse or better is not entirely a useful historical question. These metrics are too narrow or subjective. Instead a useful question could be, is power (knowledge) more evenly distributed? or are the mechanisms of power more or less violent than they were. again to answer these questions on a micro scale is not useful as they can be best understood over periods of decades if not centuries. Though as with most things, methodology is not at the forefront of peoples minds when they feel like they've been slighted, and certainly people under the age of 30 know that they missed out on affordable housing and they are not happy about it.
I don't think anyone votes based on academic sociological considerations. Or maybe like 8 people in the whole country.
And I'm going to go ahead and say that most people care about progress for them personally more than any other metric. Which is why people who already own real estate are less upset about huge increases in housing costs. The old FYGM.
Now, obviously "progress" is going to be defined differently by different people. Some might care more about LGBTQ rights than housing prices, which is completely reasonable. But I think everyone wants things to get better.
And since we have millions of people living and working together peaceably (more or less anyway) I think expecting things to get better over time isn't unreasonable.
Also, Technological and capital equipment advances have been improving things for a lot more than 90 years. The Luddites were protesting mechanization more than 200 years ago, and we're getting to the point now that even some knowledge work can be automated by AI.
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I really, really, really, really want someone to present to me an actual economic argument in favour of the US working to abolish the CAD, and covert everything to a single currency.
Because they are abolishing a 30% discount on all goods from the country with the most natural resources on the planet.
They wouldn't really lose a discount; the economic realities that drive that would still mostly exist just like they do within the United States. Adopting the Euro didn't make things in Portgual, Slovakia, or the Baltic states start to cost as much as they do in Luxembourg or the Netherlands. Labor and goods are still cheaper in the former countries, even with a common currency and labor mobility.
Granted, the lack of a language barrier would make things a bit different in North America. But again, there are big differences in terms of costs within the United States as well.
Well, a lot of USA jobs pay more than Canadian for same work. If people suddenly became American it makes movement much easier to those other places and salaries would have to adjust. For example an O&G engineer in the USA makes more than a Canadian, not even taking in the currency difference. Dumb hypothetical, but still.
This isn’t the case in the US. The market a person lives in greatly dictates the pay the person gets. IT jobs being the best examples.
Granted reducing barriers would increase competition for engineers if there is a supply shortage
This isn’t the case in the US. The market a person lives in greatly dictates the pay the person gets. IT jobs being the best examples.
Granted reducing barriers would increase competition for engineers if there is a supply shortage
I’m not sure how this relates to my post. Across the board in my example Canadians are paid much less. That would change if a big merger would happen. Again, a dumb hypothetical.
It's easy to say these can be done and eliminating the tax is one step. We are an energy rich country but are constrained by our confederacy where each province is a fiefdom.
The regulatory requirements in Canada are what hold us back and no party will be able to solve that to push an energy rich country.
What should be happening is pushing for tidewater access to St. Laurence River & Hudsons bay, accelerated approvals for LNG on BC west coast and get more exports of our resources to the world but we can never get alignment as a country from all the independent parties along the way.
A huge energy corridor is what this country needs.
Naw, let's just let Russia #### over our allies. Gotta just keep killing our own economy for social media clout and his eco-terrorist buddy.
Prime Minister Justin Trudeau said there has “never been a strong business case” for liquified natural gas exports from Canada’s East Coast to Europe
Trudeau made the comments Monday during a joint press conference with his German counterpart, Olaf Scholz, who is visiting Canada for the first time as chancellor. The pair were grilled on the likelihood of Canadian LNG being directly exported to Europe over the next few years as countries such as Germany seek to reduce their reliance on Russian gas, now that the European Union appears determined to isolate President Vladimir Putin’s regime in retaliation for its unprovoked attack on a democratic country.
It's easy to say these can be done and eliminating the tax is one step. We are an energy rich country but are constrained by our confederacy where each province is a fiefdom.
The regulatory requirements in Canada are what hold us back and no party will be able to solve that to push an energy rich country.
What should be happening is pushing for tidewater access to St. Laurence River & Hudsons bay, accelerated approvals for LNG on BC west coast and get more exports of our resources to the world but we can never get alignment as a country from all the independent parties along the way.
A huge energy corridor is what this country needs.
Are you suggesting some sort of ... National.. Energy...Plan?
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I’m not sure how this relates to my post. Across the board in my example Canadians are paid much less. That would change if a big merger would happen. Again, a dumb hypothetical.
I don’t think we would see it. Wages are regional within the US based on local supply and demand. Canada would initially be a lower wage region. The barriers to moving are significant enough that the affect would be very slow. It would not be an instant switch. For professionals it’s relatively easy to work in the US in O+G if you are interested. I just don’t see the boarder as a dramatic barrier currently so removing it won’t have dramatic results.
Int would take 40 years of new grads for this change to occur. Look at the EU for an example. There isn’t broadly equalized wages across the member states.
(I like these hypotheticals. Much more fun than the real world)
Prison sentence cut in half for man who identifies as Métis
He successfully argued that the judge who sentenced him erred in the application of what are dubbed Gladue principles
Saskatchewan’s top court has cut a five-year prison sentence in half for a man Prince Rupert police caught with a handgun, ammunition and methamphetamine because the trial judge didn’t properly consider his Indigenous background and how he was affected by systemic discrimination.
He was not exposed to First Nations culture growing up.
“He identifies as Métis through his maternal great-grandfather. Yet, he ‘does not feel a part of the Métis community and has never been involved in the cultural traditions of the Métis people.’”
The father of four is estranged from the sole long-term romantic partner he’s ever had and “has committed violence against her, which was associated with his substance abuse.”
“He ‘feels once he is in school, everything else will fall into place,’” said the decision. “Yet, the pre-sentence report indicates that ‘his plan to accomplish such includes selling drugs while waiting to be accepted into school and that Mr. Umpherville ‘considers committing property crimes or harming people as worse crimes than selling drugs.’”
An assessment “classifies Mr. Umpherville in the high-risk category to reoffend and states that, when he is compared to the remainder of the Saskatchewan offender population, he was ‘assessed to be at the 98th percentile which means two per cent of Saskatchewan offenders were assessed as having more risk factors.’”
Prison sentence cut in half for man who identifies as Métis
He successfully argued that the judge who sentenced him erred in the application of what are dubbed Gladue principles
Saskatchewan’s top court has cut a five-year prison sentence in half for a man Prince Rupert police caught with a handgun, ammunition and methamphetamine because the trial judge didn’t properly consider his Indigenous background and how he was affected by systemic discrimination.
He was not exposed to First Nations culture growing up.
“He identifies as Métis through his maternal great-grandfather. Yet, he ‘does not feel a part of the Métis community and has never been involved in the cultural traditions of the Métis people.’”
The father of four is estranged from the sole long-term romantic partner he’s ever had and “has committed violence against her, which was associated with his substance abuse.”
“He ‘feels once he is in school, everything else will fall into place,’” said the decision. “Yet, the pre-sentence report indicates that ‘his plan to accomplish such includes selling drugs while waiting to be accepted into school and that Mr. Umpherville ‘considers committing property crimes or harming people as worse crimes than selling drugs.’”
An assessment “classifies Mr. Umpherville in the high-risk category to reoffend and states that, when he is compared to the remainder of the Saskatchewan offender population, he was ‘assessed to be at the 98th percentile which means two per cent of Saskatchewan offenders were assessed as having more risk factors.’”
Why did you leave this out?
Quote:
“Mr. Umpherville’s father was of First Nations descent and a residential school survivor,” said the decision. “His father ‘struggled with addictions to cope with his past’ and died when Mr. Umpherville was nine years old. Mr. Umpherville has no memory of his father, but he believes that he ‘may not have been in so much trouble in his life’ if his father had not passed away.”
Umpherville can only remember “small traumatic snippets” from the first six years of his life, the court heard. “One of these is ‘being in his mother’s home during a party when he was around six years old, where he witnessed his (older) sisters being sexually abused by adult men.’ He ‘recalls experiencing an enraging helplessness because he was too small to help his sisters.’ Mr. Umpherville believes that this was the last time he and his sisters were in their mother’s home, as the children were then apprehended by the Ministry of Social Services.”
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Prime Minister Justin Trudeau said there has “never been a strong business case” for liquified natural gas exports from Canada’s East Coast to Europe
Trudeau made the comments Monday during a joint press conference with his German counterpart, Olaf Scholz, who is visiting Canada for the first time as chancellor. The pair were grilled on the likelihood of Canadian LNG being directly exported to Europe over the next few years as countries such as Germany seek to reduce their reliance on Russian gas, now that the European Union appears determined to isolate President Vladimir Putin’s regime in retaliation for its unprovoked attack on a democratic country.
That one was embarrassing. Didn’t we offer him green hydrogen instead. How can anyone take Canada seriously with Trudeau at the wheel.
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Prime Minister Justin Trudeau said there has “never been a strong business case” for liquified natural gas exports from Canada’s East Coast to Europe
Trudeau made the comments Monday during a joint press conference with his German counterpart, Olaf Scholz, who is visiting Canada for the first time as chancellor. The pair were grilled on the likelihood of Canadian LNG being directly exported to Europe over the next few years as countries such as Germany seek to reduce their reliance on Russian gas, now that the European Union appears determined to isolate President Vladimir Putin’s regime in retaliation for its unprovoked attack on a democratic country.
That is one of many differences between a good leader and a bad leader, a good leader is always prepared for all things you don't anticipate, and in life there is a lot of things you can't anticipate.
Always need to prepared and capitalize.
The Russian/Ukraine thing has been boiling for a long time it was totally concievable this would happen and what the ramifications of it would of been.
Are you suggesting some sort of ... National.. Energy...Plan?
Not in the context of how I imagine your thinking. Ownership of the resources stays with the producing provinces but with a toll or increase in transfer payments based on total volume vs sales.
Think of it as a toll agreement. For instance if Quebec approves a pipeline to st Laurence for egress the federal government gets a payment for all sold volume this can be used for social programs, defence spending and debt reduction
. There has to be some way to make this framework work for the country as a whole. I’m not an economist so these are conceptual numbers but something that needs to happen for Canada to move forward
As provinces and resource owners would Saskatchewan,
Alberta and BC make more money by additional markets to Europe by creating a royalty payment framework or by holding the percentag/toll and not be able to sell the product.
I like how the people in the comments are already giving PP an out if he fails to get anything done. “Oh he probably can’t fix things cause they’re so broken”. What a sad, lame cop-out.
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I like how the people in the comments are already giving PP an out if he fails to get anything done. “Oh he probably can’t fix things cause they’re so broken”. What a sad, lame cop-out.
It is probably going to take a decade or more to fix the mess we currently have. IIRC it took about that long to fix Trudeau Sr.’s mess also.
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