Ian Lee cuts through the noise on the trade breakdown: “The prize is whether we have continued open access to our largest trading partner, literally next door.”
The U.S. sits at $32 trillion GDP—China is a distant second and 10,000 km away
Retaliation? “Nonsensical.” Tariffs have “no redeeming argument in economic logic,” and hitting back is just “pouring gasoline on a raging fire.” “You don’t end a trade war by announcing new tariffs. You end it at the negotiating table.”
Without a deal, he warns, “40% of our manufacturers are looking at exiting the country to the United States.” Diversification sounds good on paper, but geography, language, and proximity make the U.S. irreplaceable overnight. Canada’s real leverage lies in smart negotiation, not escalation that hurts us first
Straight talk from one of the seemingly few no-nonsense professors in Ottawa @SprottSchool
@ronmortgageguy Your right Ron, I don’t understand. I am not too sure it matters. Why not grow deficits? I am starting to think this is the way our monetary system has too work. They have to keep kicking the can down the road to keep the deck of cards standing. The alternative is to crash.
BoC says Canadians must accept a lower standard of living. Unfortunately ideology has been driving investment decisions, ensuring we don’t harness what makes us rich, our natural resources.
@krisster8@yegwave Teachers !!! I’m not a fan of unions but this group is truly fighting for a change that includes improving more than just personal gain! Alberta should have the best education in all of Canada if not the world!
@BoomerDivvies A little more complicated than that. Most peaceful prosperous time in the western hemisphere to date, hopefully we continue on the path!
@oilmutt Ha ha! Wrong! Florida is worse and oiler are better. Edmonton has lost one period in the last 9 games and just got back their #1 dman. Good luck stopping g mcdavid this series!