Here is the harsh truth as someone who allocates capital in different parts of the world:
Canada is no longer a compelling place to invest. Hasn’t been for a few years now. As a result, the economic prosperity of Canada will continue to shrink. This is despite an incredibly young, bright, capable and technical workforce that is second to none.
In short, Canada needs more meritocracy and less virtue signaling.
Make Canada Great Again!!
4/ She goes on to clarify that we're basically looking at sovereign bond defaults: many governments are staring in the face of bankruptcy and investors will have to accept a haircut on their government bond portfolios (this is what she means with "restructure debt"). Wow.