Despite its shortcomings, Canada is not an economic basket case​

[chuckChuck]

I'll ask again, what other industries would you suggest investing in?

What other industries exist in Canada. We just about have them all.

But oil dominates in Alberta and sucks up a lot of the oxygen and capital and subsidies. Renewable clean energy is also a vast resource.

The assumption that resource industries are the only engine of the economy in Canada is wrong. Resource are very important but so is manufacturing, food production and processing, high tech, aerospace, healthcare research etc etc

Even Saudia Arabia is planning on diversifying their economy.

[fjlip]

Looks like we know where twitchy is going to end up Under the bus not so bad.

These PHUCKERS have no sense at all, just blow money down every pit they can find! Treason is the only word to use.

[TSIPP]

Chuckroach never fails on bringing the silly!

[blackpowder]

I don't know which is sillier.
The original post or spending time trying to understand it and bothering to respond.

[sumdumguy]

Invest in? The government should just get the “f” out of the way. The lunatics have killed every ounce of enthusiasm from the economic engines. Regulate this !

[AlbertaFarmer5]

I'll ask again, what other industries would you suggest investing in?

[chuckChuck]

Only slightly behind Norway and Germany? To examples of very successful economies.

More proof we should increase productivity in many economic sectors and reduce less productive investments in the tar sands which have low productivity as compared to other industries.

[jazz]

......

[chuckChuck]

whatever absolute b/s research that is , is complete nonsense
Are you seriously that out of
touch with reality?????
you can repost any garbage you want , still garbage

Canadian productivity growth: Stuck in the oil sands


Oliver Loertscher ([url]https://onlinelibrary.wiley.com/authored-by/Loertscher/Oliver[/url]), Pau S. Pujolas ([url]https://onlinelibrary.wiley.com/authored-by/Pujolas/Pau+S[/url].)

First published: 11 April 2024
[url]https://doi.org/10.1111/caje.12707[/url]

Read the full text ([url]https://onlinelibrary.wiley.com/doi/full/10.1111/caje.12707[/url])

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Abstract

We study the behaviour of Canadian Total Factor Productivity (TFP) growth over the past 60 years. We find that the observed stagnation during the last 20 years is accounted for entirely by the oil sector. Higher oil prices made capital-intensive sources of oil like the oil sands viable to extract on a commercial scale. However, the greater input required per barrel of oil slowed TFP growth. Comparing Canadian TFP growth with that of the United States and Norway reinforces these results. However, our result should not be interpreted to carry any welfare implications.

[sumdumguy]

hmmm, why not? After all, the budget will balance itself. No Problem