As I mentioned in a post several years ago, the Canadian economy was booming due to high oil prices and a recovering auto industry. The leader, Stephen Harper, was the Prime Minister from Alberta and very friendly towards businesses, especially the oil industry as his home province is a hotbed for the oil industry. Since then oil has fallen, the markets have reacted, and the people have voted for a new regime that has far opposite and leftist policies than that of Harper's party.
Monday, June 19, 2017
O' No! Canada (Part 2)
Socialist Justin Trudeau is now the Prime Minister of Canada and running the Canadian Government. Services make up 68% of its economy. Canada is heavily depended on natural resources: petroleum / oil accounts for nearly a whopping 25% of its economy. The auto industry makes up for 10%. Interestingly enough, gold makes up 3% of its economy. When one mixes Socialists policies with falling oil and natural resource prices, and a sagging auto industry, that does not make for a good mix for an economy to prosper.
As I mentioned in a post several years ago, the Canadian economy was booming due to high oil prices and a recovering auto industry. The leader, Stephen Harper, was the Prime Minister from Alberta and very friendly towards businesses, especially the oil industry as his home province is a hotbed for the oil industry. Since then oil has fallen, the markets have reacted, and the people have voted for a new regime that has far opposite and leftist policies than that of Harper's party.
As I mentioned in a post several years ago, the Canadian economy was booming due to high oil prices and a recovering auto industry. The leader, Stephen Harper, was the Prime Minister from Alberta and very friendly towards businesses, especially the oil industry as his home province is a hotbed for the oil industry. Since then oil has fallen, the markets have reacted, and the people have voted for a new regime that has far opposite and leftist policies than that of Harper's party.
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