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

[AlbertaFarmer5]

Answer the question chuck. Are govt funded bus routes and subways for downtown commuters a better investment than drilling for oil.

Even if one were to take the view that subsidized public transit is a worthwhile investment. And I think that case can be made.
One then needs to ask, which would you invest in first? Will subsidize public transit in any way generate Capital which could be invested in drilling for oil? Or would drilling for oil generate Capital which could be invested into public transit?

This question is of course for the marxists on here. The answer is obvious to anyone else.

[jazz]

Answer the question chuck. Are govt funded bus routes and subways for downtown commuters a better investment than drilling for oil.

[shtferbrains]

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

Germany and Canada are close to each other in performance over the last 5 yrs in the G7.
No argument there.
Not an enviable position.

[furrowtickler]

Hmmm , give credit ??

[chuckChuck]

So how come Steven Harper and Alberta didn't build more LNG facilities during the boom years prior to Trudeau?

Shell's Kitimat facility is just about ready to start shipping.

Why aren't you giving credit where credit is due?

[furrowtickler]

Putin should send Trudeau a thank you card

[jazz]

Maybe this the type of investment chuck is talking about. Paying taxes for Toronto subway riders.

That sure seems better than selling oil (with a 100:1 labour productivity ratio).

A 4 yrs old retarded child could run Canada better than these clowns.

[kANOLA]

Well said ,exactly my thoughts.

[furrowtickler]

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.

Saudi Arabia can afford to diversify almost more than any country on earth because they wisely utilize their petroleum resources to create wealth to further diversify their economy, much like Notway did .
They get it , Canada simply shooting it’s self in the foot this past 8 years

when Trudeau refused to deal with LNG to Japan and others that was the dumbest thing ever.
the wealth created from that natural resource could have paid for a lot more diversification, but no this coalition government is bound and determined to simply tax the middle class and small businesses into poverty instead.
worst leadership in Canadian history.

[blackpowder]

One cannot argue we seem to have done poorly on diversification. A nation wide ill. Seems far more complicated than blaming oil.
The ongoing years long brain drain indicates bigger issues.
Oil itself can be a more complicated industry than it appears on the surface.
Small plays require private investors outside of normal financial institutions. High risk. You should try it sometime.